Crypto Phone Market Report: Size, Share and Outlook by 2031

The crypto phone market was valued at US$ 2.49 billion in 2024 and is projected to reach US$ 9.18 billion by 2031; it is expected to register a CAGR of 21.5% during 2025-2031.

The crypto phone market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. According to Binance data, 72% of local users are investing in Bitcoin, with the number of daily crypto traders increasing by 166% year-over-year in 2024 in the UAE. This growth is attributed to supportive regulations, such as the approval of Bitcoin ETFs, and the increasing attractiveness of digital assets amid a market upturn. In Africa, countries such as Kenya are witnessing the introduction of Bitcoin as a payment and financial tool in underserved areas. Favorable initiatives such as AfriBit Africa are set up to improve financial inclusion without requiring traditional banking documentation, allowing residents to use cryptocurrency for transactions and savings. The expanding crypto ecosystem has increased demand for secure communication devices, including crypto phones. These devices offer enhanced privacy features, such as hardware wallets and secure messaging platforms, addressing data security and surveillance concerns. As the adoption of digital currencies rises, the need for secure communication tools that integrate seamlessly with crypto services becomes increasingly important in the region.

According to AppsFlyer, in 2024, crypto app downloads in the UAE reached 15 million, a 41% increase from 2023. This increase is due to favorable local crypto legislation, the adoption of Bitcoin exchange-traded funds (ETFs), and the growing popularity of digital assets. The UAE's proactive strategy includes projects such as RAK Properties' relationship with Hubpay, which allows for global cryptocurrency payments for real estate purchases. Additionally, Emirates Airlines has formed a preliminary partnership with Crypto.com to integrate bitcoin payments into its services to attract younger, tech-savvy clients. These initiatives demonstrate the UAE's ambition to become a worldwide digital finance powerhouse and its role in shaping the future of cryptocurrency adoption.

Solana Labs Inc, Endoacustica Europe s.r.l, Vertu International Corporation Limited, X-SYSTEMS, Kaymera Technologies LTD, KryptAll LLC, Silent Circle, GSMK Gesellschaft f?r sichere mobile Kommunikation mbH, and Thales SA, and XOR UK Corporation Limited are among the key Global Crypto Phone players that are profiled in this market study.

The overall Global Crypto Phone market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Global Crypto Phone market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Global Crypto Phone market.