Blockchain.com became the latest major crypto exchange to who has launched a direct gateway for the Turkish Lira. According to the announcement, the exchange launched full banking integration to enable users to deposit and withdraw TRY on the exchange platform.
Turkish users can use Lira to buy BTC, ETH, and USDT.
According to the press release published by the UK-based exchange Blockchain.com, Turkish users can now deposit, withdraw, and use Lira to buy bitcoin (BTC), Ether (ETH), and Tether (USDT) and exchange their crypto into the fiat currency of their choice. Turkish Lira is the fourth fiat currency that the UK-based exchange supports. The other three fiat currencies that Blockchain.com supports are US Dollars, Pounds, and Euros.
Turkey is embracing cryptocurrency.
The CEO and Co-founder of Blockchain.com exchange, Peter Smith, said that Turkey is one of the countries that is leading the charge to embrace cryptocurrencies. He added that they are dedicated to providing a fair, global market for Turkey’s crypto traders. Earlier, the CEO of one of the leading crypto exchanges, Binance, Changpeng Zhao, said that Turkey is one of the most active markets in blockchain and crypto space, and it will play a very important role in the financial world tomorrow. The country is also working on its centralized national digital currency.