Turkey's $200 Billion Cryptocurrency Surge Driven by Speculation Rather than Adoption, Says Chainalysis
Turkey's burgeoning cryptocurrency market is largely influenced by speculation as it reaches $200 billion in transactions.
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Turkey's burgeoning cryptocurrency market is largely influenced by speculation as it reaches $200 billion in transactions.
In a bold move, Turkey has enacted a ban on 46 cryptocurrency platforms, triggering widespread criticism and concerns over user access to crypto trading services.
An analysis of how potential actions by Trump against the Fed may affect Bitcoin, drawing parallels with Turkey's experience.
After the arrest of Istanbul's mayor Ekrem Imamoglu, the Turkish lira hits an all-time low, causing a jump in Bitcoin trading volumes on Binance.
Turkey has handed full regulatory authority over digital asset service providers to its Capital Markets Board (CMB) in an effort to strengthen oversight of the burgeoning crypto market.
Taurus, a cryptocurrency custody firm, has entered the Turkish market by collaborating with BankPozitif to provide institutional-grade digital asset services.
Turkey is at the forefront of the MENA crypto market with $200 billion in transactions, primarily stemming from speculative activities according to Chainalysis.

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