- OKX has made a big move in Turkey.
- The exchange will now offer certain crypto services in the domestic market.
- The exchange will also support direct deposit and withdrawals via select banks.
Crypto exchange and Web3 company OKX has expanded its global footprint with the official launch of OKX TR, a custom-built digital assets trading platform for Turkish users.
The move came after the company announced its expansion into Turkey in May 2023. It has since set up an office and hired a team to help it navigate the local market. With the launch, OKX has tapped a vibrant market where over half of the population invests in crypto.
OKX TR Opens Trading Platform to the Public
According to a press release dated February 27, OKX TR has debuted its custom crypto exchange platform with a wide selection of trading pairs, including BTC/TRY, ETH/TRY, and USDT/TRY.
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Along with “sophisticated crypto functionalities,” OKX TR has integrated Turkish Lira fiat on-ramp to enable direct deposits and withdrawals via select Türkiye banks, such as Fibabanka, VakıfBank, Ziraat Bankası, İş Bankası, Şekerbank, and Türkiye Finans.
Per the statement, the launch also gives Turkish users access to OKX’s non-custodial Web3 wallet, allowing them to interact with non-fungible tokens (NFTs), decentralized applications (dApps), and other emerging verticals in the digital assets landscape.
OKX President Hong Fang lauded the launch, noting that Turkey’s high level of engagement and understanding of digital assets makes the country an ideal market for the exchange.
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“The official launch of OKX TR is a significant milestone in our global expansion strategy. With a crypto adoption rate close to 50%, Türkiye represents a very dynamic and promising market for the industry as it continues to develop,” Fang stated.
While OKX TR is a custom-designed platform with local customer support, Turkish users can access the Web3 wallet service only from the exchange’s global platform.
Read how OKX was recently caught in the South Korean crypto crackdown:
OKX Caught in South Korean Crypto Crackdown: Probe Underway?
Stay updated on OKX’s entry into Argentina:
OKX Debuts Crypto Exchange and Web3 Wallet in Argentina
