According to the report published by Chainalysis, Turkey is among the fastest growing crypto markets.
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. A new study by Chainalysis shows that Turkey is a successful market for crypto.
Turkey, Largest Crypto Market in the Region
of Chainalysis MENA(Middle East – North Africa) region, Turkey stands out as the largest crypto market in the region.
The transaction volume in the MENA region rose to $566 billion, an increase of nearly 50 percent compared to the previous year. Morocco, Egypt and TurkeyAbout 22 countries from the region, which includes emerging markets such as
Turkey , taking in $192 billion worth of crypto annually by the end of June 2022, is at the top of the MENA region in terms of crypto value achieved to date. However, it experienced only 10.5 percent growth on an annual basis.
According to the research, Turkey is among the fastest growing crypto markets and is the leader in the region; It became stronger due to the desire to protect the money that emerged with the depreciation of the Turkish Lira.
