The Turkish Lira (TRY) became the most dominant fiat trading pair on Binance in the month of September, according to the crypto exchange’s research.
Turkish Lira accounted for 75% of all fiat volume in early September despite being the fourth-largest crypto market globally in terms of transaction volume after the United States, India and the United Kingdom, respectively.
The TRY trading pair boom can be tied to the recent influx of crypto investors in the Turkish market. 27% of the participants in Binance’s research started their journeys as crypto investors within the last year, out of which 8% joined in the last six months.
Time in market for Binance users in Turkey. Source:…
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