Turkish cryptocurrency exchange CoinTR is adding support for Tether ($USDT) & USD Coin ($USDC) on the Aptos blockchain. This move is a strategic expansion into a fast-growing Layer-1 ecosystem. CoinTR will be able to benefit from technical strengths that Aptos offers like transaction times taking under a second and gas fees being 100 times lower than other networks. The integration comes as Aptos has over 160 million daily transactions with 99.99% uptime.
Turkey’s Crypto Market Embraces Aptos
CoinTR is one of the most established cryptocurrency platforms in Turkey and provides services for markets where the adoption of digital assets increases dramatically. Recent industry data reveals that Turkey ranks among the top three countries worldwide in cryptocurrency trading volume, which surged to over $160 billion from mid-2022 to mid-2023. The platform has established a reputation for itself based on regulatory compliance, having secured approval from Turkey’s Financial Crimes Investigation Board (MASAK), and collaborated with state-owned banks.
Turkish traders enjoy CoinTR’s access to the Aptos stablecoin. $USDT and $USDC dominate the market with their faster timeframes and inexpensive costs while Aptos adds to the rest. The blockchain’s Move programming language, designed with security Safecast function in financial applications, keeps the transaction cost to a fraction of a cent.
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