Cryptocurrency

An overview of Turkey’s cryptocurrency scene and significant insights from Binance Blockchain Week are included in the report. Turkey has a reasonably high degree of crypto adoption, with over 40% of population having exposure to crypto. Cryptocurrency is a very popular asset class among investors.
66% of investors questioned say that the most compelling rationale for investing in <a href="https://thenewscrypto.com/why-crypto-market-is-pumping-this-could-be-the-reason/" target="_blank" rel="noopener noreferrer nofollow">crypto</a> is the possibility for gains. Interest in the technology and ease of portfolio monitoring rank second and third, respectively.
In the short term, 64% of investors questioned predict that crypto values would grow in the next year. Looking forward, 73% expect that the number of crypto investors will expand in the next 5 years,&nbsp;signaling&nbsp;increased acceptance.
Compared to other major economies, <a href="https://thenewscrypto.com/turkey-eyes-exiting-fatfs-grey-list-via-crypto-legislation/" target="_blank" rel="noopener noreferrer nofollow">Turkey</a> has the fourth-largest cryptocurrency market in the world based on estimated transaction volume.
A strong emphasis was placed on institutional adoption, user experience, and latest advancements during Binance Blockchain Week 2023. Over 2,000 people attended the two-day conference in person in Istanbul, while over 0.5 million watched the livestream.
<a href="https://public.bnbstatic.com/static/files/research/state-of-the-market-turkeys-crypto-landscape.pdf" target="_blank" rel="noopener noreferrer nofollow">DOWNLOAD THE FULL REPORT HERE</a>

Market Update: On-ground Crypto Scenario in Turkey

TheNewsCrypto

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