Bybit Türkiye has announced the launch of TRY (Turkish Lira) trading pairs on its Spot market, allowing Turkish users to buy and sell Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) directly with TRY.
Eliminating the need for conversion steps, the direct conversion of TRY pairs started on August 30th, 2024, and will feature the following pairs: USDT/TRY, BTC/TRY, and ETH/TRY.
Bybit Türkiye’s commitment to the Turkish market extends beyond just new trading pairs, the firm stated, adding that the platform remains dedicated to fostering a vibrant local community through ongoing localization efforts and catering to specific user needs.
USDT/TRY, BTC/TRY, and ETH/TRY
Kutluhan Akçın, Turkey Country Manager at Bybit, commented: “We are thrilled to introduce TRY trading pairs to our valued users in Turkey. This launch reflects our dedication to catering to local needs and providing a convenient platform for Turkish users to participate in the crypto market.”
In June 2024, Bybit rebranded Narkasa as Bybit Türkiye in a strategic move that underscores its dedication to offering Turkish users a localized and secure crypto trading experience.
Operated by Narkasa Yazılım Ticaret Anonim Şirketi, Bybit Türkiye operates as an independent brand, tailored to meet the specific needs of the Turkish market while ensuring the highest standards of service and security.
OKX and BingX deepening presence in Türkiye
Türkiye has been for years an attractive market for crypto exchanges as the population increasingly seeks to adopt digital assets amid high inflation in their economy. For that reason, several firms have entered the Turkish market, namely BingX and OKX.
BingX recently introduced Peer-to-Peer (P2P) trading services for multiple MENA region and Türkiye fiat currencies, including AED, DZD, EGP, JOD, KWD, QAR, SAR, MAD, and TRY. The launch of P2P trading in these markets is aimed at fostering greater accessibility and convenience for users seeking to purchase cryptocurrencies with their local fiat currencies. Merchants and users in the MENA region and Türkiye can now engage in direct cryptocurrency transactions with zero transaction fees.
