The United Arab Emirates (UAE) are experiencing an explosion of crypto users, recording a new record of crypto app downloads. In fact, in 2024, the number of installations reached 15 million apps, 41% more compared to the 6.2 million in 2023.
UAE and crypto users: the new record of 15 million downloads of cryptocurrency apps in 2024
According to what is reported by AppsFlyer, it seems that in the United Arab Emirates (UAE), there has been a real explosion of crypto users.
In fact, the total crypto app downloads in UAE recorded in 2024 are 41% more compared to what was recorded the previous year.
Specifically, the report states that the total installations of crypto apps in UAE for 2024 have reached the record of 15 million, compared to 6.2 million in 2023.
Not only that, it seems that this trend in the UAE of increasing cryptocurrency adoption, through category apps, has been more intense in the second part of the year. In fact, in the month of December alone, the number of downloads was 2.8 million.
This data is correlated with geopolitical factors that have led UAE citizens to increasingly download crypto apps. In fact, at the beginning of November, the winner of the USA presidential elections, Donald Trump, the candidate in favor of crypto par excellence, was revealed.
UAE and the increase of crypto users even in 2025
Shani Rosenfelder, director of market insights at AppsFlyer, stated as follows:
“There has been a strong correlation between these market factors and the momentum of the cryptocurrency market in the United Arab Emirates. Furthermore, the outlook continues to be favorable, presenting an opportunity for cryptocurrency companies to rapidly grow their user bases during this bull market period.”
In practice, it seems that the emphasis on Trump’s pro-cryptocurrency stance has played a crucial role in the adoption of crypto apps globally, including the UAE.
This trend of indirect increase in the adoption of crypto seems not to have stopped in 2025.
In fact, new reports from Appsflyer suggest that in UAE the number of crypto app installations in January 2025 has reached nearly 3.5 million.
In this regard, Rosenfelder commented:
“Looking ahead, this accounts for more than half of all installations recorded in the country for the entire 2023. It is clear that there is still an enormous potential to be tapped, and with 2025 shaping up to be a record year, prudent crypto app marketers must use every tool in their arsenal to gain and maintain market share”
The Crypto Tower of Dubai by 2027
The explosion in the number of crypto app downloads in UAE in 2024 is also supported by a government favorable to the sector.
Last month, Dubai announced its ambitious project: to build the Crypto Tower, a 17-story skyscraper designed to become the global center of digital finance.
The project should be completed by 2027, becoming a milestone in Dubai’s strategy to become the global capital of blockchain.
Not by chance, the Crypto Tower has been described as that place which will serve to welcome and stimulate innovation, through collaboration between companies, startups, blockchain and crypto sector institutions.
