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.

President Hong Fang emphasized ‘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 .

Dünyanın en köklü kripto para platformu OKX’in Türkiye’deki uzun ve heyecanlı yolculuğu başlıyor!??

Bu heyecan dolu yolculuğa başlarken bizi takip edin, sürprizlerimizden anında haberdar olun.

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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 , which has allowed the sector to thrive.

OKX 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 framework.

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

Source: News – crypto.news