Wednesday, April 14, 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 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Binance List the Coinbase Stock Token (COIN)

Binance will list the Coinbase Stock Token (COIN) on 2021-04-14 (UTC), during which the COIN/BUSD trading pair will be open. Users will be able...

6 Blockchain Business Use Cases You Should Know

The potential of the distributed ledger technology (DLT) — an umbrella term of which blockchain is the most popular kind — is enormous. Businesses...

Europe’s Largest Digital Asset Investment Firm CoinShares Launches XRP Exchange Traded Product (ETP)

CoinShares, a major British cryptocurrency investment company, has announced it plans to list XRP (Ripple) exchange-traded fund (ETP) on the SIX Swiss Exchange. This ETP...

Coinbase Stock Hits The Market And Gets Reference Stock Price of $250 from Nasdaq

Nasdaq has released the figures for the reference stock price of Coinbase, the largest cryptocurrency exchange in the United States, which is scheduled to...

Subscribe To Our Newsletter

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

follow us in feedly