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Home Crypto News Market Daily Cryptocurrency Trading Volume In Turkey Exceeded $ 1 Billion

Daily Cryptocurrency Trading Volume In Turkey Exceeded $ 1 Billion

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The daily trading volume of cryptocurrency exchanges in Turkey exceeded $ 1 billion. This increase, which has become apparent since the beginning of the year 2021, is because of consistent bullish performance by Bitcoin and altcoin market.

Managers of two cryptocurrency exchanges in Turkey spoke to Sefer Yüksel from Bloomberg HT. Crypto exchange managers said that the total daily volume on domestic trading platforms exceeded $ 1 billion. It is reported that crypto trading volume, which has been in the range of $ 500-600 million for several months, has started to grow rapidly since the beginning of the year. According to information shared by Yüksel, such crypto trading volume is close to one percent of Istanbul’s daily stock trading volume of 40 billion Dollars.

The Number Of Google Searches Is Growing Rapidly

Cryptocurrencies such as Bitcoin and Ether have gained more than 300% in a year 2020, boosting the popularity of the cryptocurrency market. The number of searches for words such as Bitcoin and Ethereum in Turkey has increased rapidly in recent weeks. The volume of searches for the word’ cryptocurrency ‘ has surpassed 2017.

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Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown has obtained his master's degree in Stock Trading And Investing. His specialty is analyzing the price actions of crypto and stock markets. Albert provides a major role in TheCryptoBasic as a crypto analyst. He is also known for his work on Twinkle Magazine and TipRanks.

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