OKX said it wants to re-enter the Turkish market and intends to open an office there.
OKX Prepares to Open an Office in Türkiye
The company has engaged with the Turkish market in the past, offering direct payments and withdrawals in the country’s official currency, the TRY. Aside from that, it was one of the several cryptocurrency exchanges that sent aid to the nation when a devastating earthquake hit in February.
About OKX’s Focusing on Türkiye
The exchange chose Türkiye as its next objective since it is a significant market, according to OKX President Hong Fang.
Opening an office in Türkiye will be a crucial step for the exchange as we move from a trust-based system to one that is trustless and empowers users to take control of their financial future. Türkiye is an important market for us, and we’re excited to build strong relationships with our users and contribute to the development of its crypto ecosystem.
Hong Fang
In the area of digital assets, Turkish people have recently demonstrated a keen interest. The impending financial crisis and the country’s depreciating official currency are two possible causes. In the past, demand for Bitcoin and stablecoins has been spurred by the Turkish lira’s historically poor value compared to the US dollar.
About the exchange
After being founded in Seychelles in 2017, the cryptocurrency platform has grown to become one of the biggest exchanges in the entire world. Access to the spot, margin, and derivatives markets for hundreds of cryptocurrencies is offered by the firm, which has millions of customers. The company also offers an NFT marketplace, gaming dApps, and DeFi.
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