Tuesday, October 26, 2021
Home Crypto News Market Daily Cryptocurrency Trading Volume In Turkey Exceeded $ 1 Billion

Daily Cryptocurrency Trading Volume In Turkey Exceeded $ 1 Billion

- Advertisement -

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.

- Advertisement -
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Good Games Guild Announces Triple IDO on Seedify, Ignition, MoonStarter

Jakarta, Indonesia, 24th October, 2021, Good Games Guild, a gaming hub that aims to create the largest virtual world economy by optimizing its owned...

YearnNFT Finance: An Advanced Approach to NFTs with Digital Art and Collectibles

Since August, the market sales with respect to NFTs have skyrocketed, where a single NFT sales round up to millions worth. There have been...

The Bank Of Israel Aims To Launch Its CBDC On Ethereum

For now, central banks around the world are still working on developing and testing their own CBDCs, but there are new ones that are...

Russian Central Bank Head Says Russia Is Not Ready To Launch Crypto ETFs

The head of the Bank of Russia, Elvira Nabiullina gave a negative answer to the question about the possibility of trading cryptocurrency ETFs in...

Spanish Banks Anxiously Waiting For Central Bank Approval To Work With Cryptocurrencies

Spanish banks are interested in providing cryptocurrency services directly to clients and expect the Spanish Central Bank will bring regulatory clarity for crypto.

Reddit Intend To Bring Its Non Fungible Token (NFT) Platform

Reddit is looking to hire people for what could become a new platform for non-fungible tokens (NFTs) and digital goods. ...

Second Bitcoin ETF, Valkyrie Bitcoin Strategy ETF (BTF) Started Trading On Nasdaq

On the Nasdaq Stock Exchange under the ticker BTF, a Bitcoin futures ETF from Valkyrie Investments began trading at a price of $25.5.

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.