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
250
1 min
0
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.
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.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024