In September, Turkish Lira dominates, 75% of fiat volume

Yamini003

News: Binance research data indicates that the Turkish Lira (TRY) became the fiat currency pair with the highest trading volume on Binance in September, representing over 75% of the total trading volume in fiat currencies. Previously, Turkey ranked as the fourth-largest cryptocurrency market by trading volume, following the United States, India, and the United Kingdom.

Furthermore, Binance research reveals that 27% of Turks started investing in cryptocurrencies within the past year, with 8% initiating their cryptocurrency investments in the last six months. Over the past three years, cryptocurrency adoption in Turkey has increased from 16% to 40%.

Ritu13

This percentage is quite high, impressive!

Samiksha

This refers to its domestic trading volume, right? It shouldn't be worldwide, is it?

Ritu77

So, this person is associated with Binance!

977Iti

Occupying the majority of all fiat currencies is quite significant.