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Turkey Welcomes OKX's New Crypto Trading Platform

Turkey Welcomes OKX's New Crypto Trading Platform

Key Takeaways

  • OKX launches OKX TR for the Turkish market with local bank partnerships for Turkish lira deposits.
  • The platform includes major crypto pair trading and access to the OKX Wallet for NFTs and dApps.
  • With a local office in Turkey, OKX commits to a user-centric approach, enhancing its global crypto exchange leadership.

OKX, the world's second-largest crypto exchange, announced the launch of OKX TR, a new crypto platform tailored specifically for the Turkish market.

This launch marks a milestone in OKX's broader strategy to penetrate key global markets.

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The plans to expand its global presence in Turkey were announced on May 8, 2023, before the Blockchain Economy Istanbul Summit 2023.

OKX expresses its dedication to delivering a "reliable, transparent and compliant" platform with functionalities to meet the diverse needs of crypto enthusiasts.

The platform features a fiat on-ramp for the Turkish lira in partnership with several leading local banks. These collaborations include Fibabanka, VakıfBank, Ziraat Bankası, İş Bankası, Şekerbank, and Türkiye Finans, facilitating seamless deposits for users.

OKX TR is set to offer trading in major cryptocurrency pairs against the Turkish lira, including USDT/TRY, BTC/TRY, and ETH/TRY. 

An essential component of OKX's service in Turkey is the OKX Wallet, a non-custodial Web3 wallet provided by OKX Global. This wallet allows Turkish users to engage with nonfungible tokens (NFTs) or decentralized applications (dApps).

The chairman of OKX TR, Mehmet Çamır, highlighted the company's commitment to the Turkish community by establishing a local office. He stated:

We believe that by having a local physical presence, we can stay close to our local community, with relentless focus on aligning their needs to our products, services and operations.

With its strategic partnerships and functions, OKX is poised to offer a user-centric crypto experience, further solidifying its position as a global leader in the cryptocurrency exchange market.

OKX has also announced plans to delist several privacy-focused cryptocurrencies, including Monero (XMR) and Zcash (ZEC), in early 2024.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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