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Turkey’s Crypto Adoption Surges After Earthquake; 40% Now Own Crypto

Published 11/10/2023, 10:06 PM
Updated 11/10/2023, 10:15 PM
Turkey’s Crypto Adoption Surges After Earthquake; 40% Now Own Crypto

  • Binance research indicates a high cryptocurrency adoption rate in Turkey.

  • 40% of Turkey holds crypto, ranking 12th on the Global Crypto Adoption Index.

  • In the wake of the earthquake, Turkey received $442,000 in crypto donations and a $100 BNB airdrop.

The largest crypto exchange, Binance, has presented research on cryptocurrency adoption in the Republic of Turkey as part of its Binance Blockchain Week in Istanbul, Turkey.

According to the research, the country exhibits a robust rate of cryptocurrency adoption, with two out of every five citizens holding various crypto assets. Emphatically, it mentioned that approximately 40% of Turkish people reported investing in crypto, making crypto one of Turkey’s most popular asset classes.

Furthermore, the research disclosed that over the past three years, Turkey’s rate of crypto adoption has increased by 24%. This percentage growth earned it the 12th spot on Chainalysis’ Global Crypto Adoption Index for 2023, surpassing several larger economies.

Moreover, Chainalysis’ data has shown that Turkey is the fourth-largest market in terms of crypto trans…

The post Turkey’s Crypto Adoption Surges After Earthquake; 40% Now Own Crypto appeared first on Coin Edition.

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