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OKX Unveils OKX TR for Turkish Users
OKX, a leading global Web3 technology company and crypto exchange, has officially unveiled OKX TR, its crypto exchange tailored for users in Turkey. The launch marks a significant step in providing Turkish users with a trusted, compliant, and transparent gateway to crypto trading and decentralized finance (DeFi).
Features of OKX TR
- Localized features such as direct deposits and withdrawals in Turkish Lira
- 24/7 customer support in Turkish and English
- Access to a robust platform for trading major cryptocurrency pairs, including USDT/TRY, BTC/TRY, and ETH/TRY
- OKX Wallet, a non-custodial Web3 wallet, accessible in Turkey
OKX TR Integration with Turkish Banking Partners
With the introduction of OKX TR, Turkish users now have access to localized features such as direct deposits and withdrawals in Turkish Lira, facilitated through banking partners including Fibabanka, VakıfBank, Ziraat Bankası, İş Bankası, Şekerbank, and Türkiye Finans.
OKX President’s Statement
Regarding the launch, OKX President Hong Fang stated, “The official launch of OKX TR represents a significant milestone in our global expansion strategy. Türkiye, with its crypto adoption rate close to 50%, presents a dynamic and promising market for the industry’s development. We are committed to supporting the growth of this vibrant ecosystem.”
OKX Commitment to Turkish Market
The crypto exchange initially announced its expansion into Turkey in May 2023 and has since established a local office and assembled a dedicated team in the market. With the launch of OKX TR, the platform aims to expand its presence further and capture local market share by offering tailored products and services.
OKX and Turkey’s Crypto Adoption
The growing prominence of cryptocurrency in Turkey can be attributed to its role as a lifeline for many amidst economic struggles. The Turkish government has shown relative permissiveness towards cryptocurrency, possibly due to its widespread adoption and the potential political ramifications of alienating millions of crypto users.
OKX Global Presence
In addition to Turkey, OKX operates in several other regions, including Hong Kong, the United Arab Emirates, the Bahamas, and France, demonstrating its global presence and commitment to serving diverse markets worldwide.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
