Cryptocurrency Q&A
Which crypto exchanges are in Turkey?
Which crypto exchanges are in Turkey?
Caterina
Fri Jul 05 2024
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6 answers
1049
As a practitioner in the realm of cryptocurrency and finance, I'm often curious about the various exchanges operating in different regions. When it comes to Turkey, specifically, which crypto exchanges are prevalent in the market? From my understanding, Paribu, a locally-based exchange established in 2016, has gained significant recognition due to its user-friendly interface and robust security measures. However, it's worth noting that while Paribu is certified by the Turkish Ministry of Finance, it is not entirely legalized, given that the Turkish government has yet to officially sanction cryptocurrency use. Additionally, OKX TR, a more recent entrant, aims to provide Turkish users with a trusted, compliant, and transparent platform for crypto transactions. Given the ever-evolving regulatory landscape, it's intriguing to observe how these exchanges navigate the Turkish market.
6 answers
Isabella
Sat Jul 06 2024
During this period, BtcTurk PRO's market share reached a peak of 74.0% in September last year, reflecting its dominance in the Turkish crypto market.
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SilenceSolitude
Sat Jul 06 2024
The cryptocurrency landscape in Türkiye is diverse, with various exchanges catering to the needs of investors. Among the smaller exchanges, Bitci holds a respectable 12.0% market share.
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henry_rose_scientist
Sat Jul 06 2024
This dominance can be attributed to several factors, including the exchange's robust trading platform, diverse cryptocurrency offerings, and excellent customer service.
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ZenMindful
Sat Jul 06 2024
Another noteworthy exchange in the Turkish market is BTCC, a UK-based cryptocurrency exchange that offers a comprehensive range of services. BTCC's services include spot trading, futures trading, and a secure wallet solution.
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Eleonora
Sat Jul 06 2024
Meanwhile, Bitlo, though with a minor presence, commands a 0.7% share of the market. Despite its small size, it still provides services to a niche segment of crypto enthusiasts.
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