Coinbase To Extend Its Reach By Acquiring BtcTurk For $3.2 Billion - BitcoinEthereumNews.com
Bitcoin is trading at $39,718, trying to reach the $40,000 support | Source: BTC/USD Chart from Tradingview.com Studies show the Turkish market possesses an excellent potential for cryptocurrencies investors, particularly brokerage firms. As per reports released by Statista, digital assets investment in Turkey increased at a growth rate of the fifth-largest country globally. Moreover, many other crypto exchanges, including Bybit, OKX, and Binance, already operate in Turkey. The Turkish government is also keen to encourage citizens to invest in the latest metaverse technologies. Turkish are investing millions of dollars in acquiring virtual reality space and virtual land. Mga Kaugnay na Pagbasa | Crypto Saved The Day? Trading Volume In Turkey Soars Amidst Lira Plunge Risks Associated With Crytpo Investors In Turkey Although Turkish citizens have invested millions of dollars in metaverse technologies, Turkish politicians are still not showing so much interest in investing in digital assets. Turkish President Tayyip Erdogan had no interest in holding cryptocurrencies and preferred to transact with its currency to maintain its identity. The Central Bank of Turkey applied a pagbabawal on using cryptocurrencies to sell and purchase local commodities in April 2021 due to high loss risks associated with the crypto transactions. In April 2021, Two famous Turkish crypto exchanges named Thodex