Binance is by far the most commonly used cryptocurrency exchange among Emiratis, with a dominant of respondents reporting its usage. Binance's global presence, diverse cryptocurrency offerings, user-friendly interface, relatively low fees, and advanced trading features likely make it the go-to platform for crypto traders in the UAE.
Other exchanges and platforms also have a presence, though to a lesser extent. Coinbase and eToro are the second and third most popular, with both offering an easy entry point for beginners and mainstream appeal. However, the significant drop-off in usage after Binance shows that Binance's market share is much larger than its competitors in the UAE.
Uncover more insights with related statistics on Emiratis’ cryptocurrency engagement, Cryptocurrency adoption challenges in the UAE, Emiratis’ cryptocurrency awareness.
