In Turkey, 40% of citizens have become owners of cryptocurrencies

The demand for digital assets in Turkey has increased amid the financial crisis

02.03.2022 - 11:35

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1 min

What’s new? Turkey is going through tough economic times. The lira has lost almost 50% of its value and inflation has started in the country. In this regard, the KuCoin exchange conducted a survey on cryptocurrencies among Turks. The survey found that the consumers have turned to alternative investments, leading to an increased demand for cryptocurrencies. Approximately 40% of internet users aged 18-60 own cryptocurrencies or have traded digital assets in the past six months.

KuCoi’s research

How is the adoption of cryptocurrencies going in Turkey? Cryptocurrencies have become relevant to most Turkish citizens. The new traders are exploring what cryptocurrency technology has to offer them. One of the key findings from the KuCoin research is that women in Turkey are increasingly interested in the digital economy. More specifically, they are almost as well represented as men in the trading and investing segment. Age does not matter when it comes to cryptocurrencies. In Turkey, people over the age of 40 are showing a growing interest in investing in cryptocurrencies.

What projects are of interest to Turkish citizens? The stablecoins and metaverse projects are attracting the attention of Turkish traders. The interest in metaverses continues to grow, and Turkish President Recep Tayyip Erdoğan has not been left out. He calls for more research into the topic.

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