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Crypto Traders See Safe Haven in a Brokerage Newcomer in Turkey
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blockchain.newsThe owners of one of Turkey’s biggest crypto exchanges have established a securities brokerage. This comes after the country’s currency saw its worst performer in emerging markets in 2021, with a loss of about 22% against the dollar.
Istanbul-based BtcTurk will now offer its millions of clients new options to satisfy their trading itch.
Half a year ago, BtcTurk survived a major crisis when two local cryptocurrency exchanges crumbled within the space of a few days.
Following the crisis, it now wants to parlay demand for digital assets into new areas like stocks, according to BtcTurk Chief Executive Officer Ozgur Guneri.
The reasons pertaining to the growth of cryptocurrencies in Turkey could be the decline in the Lira and spiralling
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