“With a crypto adoption rate close to 50%, Türkiye represents a very dynamic and promising market for the industry as it continues to develop. The population’s high level of engagement and understanding of digital assets makes it an ideal environment for OKX, and we’re strongly committed to helping continue to grow this already vibrant ecosystem.”
OKX has announced the official launch of its Turkish platform, OKX TR, in Istanbul as part of the crypto exchange’s strategy to provide Turkish users with access to crypto trading, decentralized finance, and its Web3 Wallet.
It was in May 2023 that the company first announced its plans to enter the Turkish market and establish a local office and team in an effort to increase its presence and market share in Türkiye by offering products and services that meet the specific needs of the Turkish market.
In the meantime, OKX launched Turkish Lira (TRY) deposits and withdrawals on Android, iOS, and the web, thus streamlining the trading experience for Turkish users.
24/7 crypto trading, DeFi, and Web3 Wallet
The launch introduces several localized features tailored to the Turkish market, including the ability to make direct deposits and withdrawals in Turkish Lira through partnerships with local banks like Fibabanka, VakıfBank, Ziraat Bankası, İş Bankası, Şekerbank, and Türkiye Finans.
OKX TR enhances user support with 24/7 customer service in both Turkish and English, aiming to provide immediate assistance and detailed guidance.
OKX TR presents a robust trading platform for Turkish users, offering trading pairs such as USTD/TRY, BTC/TRY, and ETH/TRY. Additionally, the platform introduces the OKX Wallet, a non-custodial Web3 wallet that supports the trading of NFTs, utilization of dApps, and more, featuring cutting-edge technologies like Multi-Party Computation (MPC) and Account Abstraction (AA) to encourage adoption by non-technical users.
Türkiye’s crypto adoption rate close to 50%
Hong Fang, President at OKX, said: “The official launch of OKX TR is a significant milestone in our global expansion strategy. With a crypto adoption rate close to 50%, Türkiye represents a very dynamic and promising market for the industry as it continues to develop. The population’s high level of engagement and understanding of digital assets makes it an ideal environment for OKX, and we’re strongly committed to helping continue to grow this already vibrant ecosystem.”
Mehmet Çamır, Chairman of OKX TR Board, said: “The launch of OKX TR is a testament to our belief in the country’s huge potential for growth and our commitment to the market. Already a global leader in crypto trading, Türkiye is also in a prime position to grow in the decentralized finance space. We’re excited to support this development, and firmly believe that our presence here will play a pivotal role in nurturing Türkiye’s emergence as a Web3 innovation hub.”
