crypto exchange BinanceThe head of the Asia region said that they are planning to grow in Turkey due to the economic conditions.
Binance is expanding globally with regulatory licenses it acquired last year to provide crypto services from France to Bahrain. Referring to Turkey’s strong crypto interest before, Binance aims to take important steps in our country.
Binance Asia Region President: Inflationary Environment in Turkey Provides Opportunity for Binance
Head of Asia Operations at Binance Gleb KostarevIn an interview with Joel Flynn from The Daily Forkast, he said that they want to seize opportunities in Turkey.
Turkey is positioned at the top of the world in the use of cryptocurrencies. Aside from that, it is pretty close to the top among countries with high crypto adoption.
Talking about acquisitions and expansion plans Kostarevdescribed the Philippines as a market with great potential and commented on opportunities elsewhere, including in Turkey.
Kostarev said the following about Turkey as one of the markets he wants to grow:
“Turkey is really big in terms of markets, because people actually take precautions against inflation. They are not just buying dollars or euros. They also buy crypto. This is actually a great use case for people in countries where inflation is very high, showing that crypto can be some kind of hedging asset.”
Let’s also remind that Binance Turkey has started crypto education for university students in order to increase financial literacy awareness.
