Binance announces partnership with the biggest Turkish bank

One of the leading crypto exchanges in the world, Binance, announced a partnership with the Turkish bank, Akbank to provide the first direct bank channel integration for instant fiat deposits and withdrawals.

Binance is among the world’s leading crypto exchanges in terms of volume. Over the last year, the exchange has been busy collaborating and acquiring different crypto business from around the world. In the latest collaboration, Binance has partnered with the Turkish bank to allow direct fiat deposits and withdrawal on the exchange. 

 

Instant deposit for Turkish Lira on Binance

Crypto exchange Binance had earlier announced support for Turkish national currency Lira on its platform for Turkish citizens. Binance integration with the biggest Turkish bank, Akbank will allow Turkish users on the Binance trading platform to instantly deposit and withdraw the Turkish Lira at the most competitive fees on desktop and IOS versions.

 

Lowering the barrier of entry

The CEO of Binance exchange, Changpeng Zhao, said that as part of their mission to continue working on increasing the freedom of money worldwide and notably in a country that is fast-adopting digital assets, Binance is expanding the available options to lower the barrier entry. Over the last few years, Binance has partnered with several companies and has added support for various currencies. 

Last month, the crypto exchange added support for peer-to-peer trading for the Russian Rubel to allow users to transact with themselves using zero fees on the exchange’s P2P platform. 

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Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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