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Crypto exchanges are growing in users from Turkey despite bear market


www.chepicap.com 05 May 2019 21:00, UTC
Reading time: ~1 m

Despite the Turkish Lira dropping to a six month low, crypto exchanges are seeing an all time high in Istanbul Turkey.

According to the head of operations at OKEx, the global crypto exchange, Andy Seung said:

“Turkey is without a doubt the only country that boasts of a high percentage of independent crypto ownership in Europe and the middle east. It has one of the most robust and promising crypto communities anywhere in the entire world.”

One of the main reasons for the high amount of crypto adoption in Turkey is the ever changing price of the Turkish Lira. With the Lira decreasing in value more people are driven to adopt cryptocurrency. The Lira is currently the fifth most popular fiat to crypto trading pair in the world.

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