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XRP
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Shiba Inu
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BNB
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XRP
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Shiba Inu
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Ethereum
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BNB
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BNB price
Solana
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$173.57 2.59145
Solana price
XRP
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$0.5925060 2.87987
XRP price
Shiba Inu
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$0.0000181 0.41976
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OKX launches localized platform in Turkey, expands global reach

okx-launch-platform-turkey
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News
OKX launches localized platform in Turkey, expands global reach

Crypto exchange OKX has launched a localized platform in Turkey featuring trading pairs denominated in Turkish Lira.

OKX President Hong Fang emphasized Turkey‘s significance in crypto, citing high adoption and transaction volumes.

“Turkey is a very important and special market for us. It ranks high in terms of crypto adoption and crypto transaction volume,” Fang said in an interview.

https://twitter.com/OKXTurkiye/status/1762453026520932428

Highlighting the country’s economic challenges, including double-digit inflation, crypto has emerged as a critical financial resource for many Turks.

Amid fears of alienating many users, the Turkish government has taken a lenient stance on cryptocurrency, which has allowed the sector to thrive.

OKX announced its expansion plans into Turkey in early 2023, introducing USDT/TRY, BTC/TRY, and ETH/TRY trading pairs for local customers.

Central Turkish banks Akbank and Garanti BBVA have also initiated crypto projects, aligning with the nation’s movement towards establishing a crypto regulatory framework.

OKX’s operations extend beyond Turkey, including Hong Kong, the United Arab Emirates, and the Bahamas.