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Turkish lira cryptocurrency market share hits new high
The Turkish lira (TRY) has recorded a record share of the cryptocurrency trading volume at 19%. The increase reflects the impact of high inflation and currency devaluation in the Turkish economy. According to Kaiko, TRY surpassed the Euro (EUR) to become the third largest fiat currency by volume. Bitcoin (BTC) trading on TRY also hit a new high, indicating an increase in investor interest in safe-haven assets. Kaiko pointed out that the increase in TRY's market share...
2024-06-12 21:36:37
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