Turkey’s Crypto Buffet: Why Binance, Kucoin, and OKX Are Rushing for a Seat at the Table!

By alberdioni8406 | Barraca Crypto | 20 Aug 2024


Impressive how the most largest crypto exchanges in the world are rushing to secure a spot in the Turkish market after the country approved rules that will guide the industry. It seems the Turkish authorities have prepared a cool set of laws that are making Binance, OKX, Kucoin etc., to want a piece of it's market and that is good.

Turkish market is evolving in crypto trading and is driving attention from big players in the industry that could drive traffic to the ecosystem and help it spread more and effectively. It's understandable that platforms are running to the it's market due to a better rules to control and supervise it.

One of the Achilles heel on the space is the inefficient laws to drive the market which lead many business to run to other locations looking for more friendly regions. That rush is justified as, for example, in United States there are some stubborn legislators that are denying the industry with set of rules to govern the ecosystem. That stubbornness is delaying the space to evolve better, getting more involved platforms and all the industry may be in danger of moving.

It may not seem that bad now but crypto space will be ruled better If there are specific laws that could help the ecosystem grows. I am glad that a country divided between Euro zone and Asia is getting this attention as it will help people in the country to be more familiar with crypto, but don't play in the Turkish market as the penalties to crimes in there are hard, very hard. Remember:

CONTENT IS KING!

How do you rate this article?

27


alberdioni8406
alberdioni8406 Verified Member

Creator and Crypto Fan. Find me also on Bastyon here: https://bastyon.com/alberdioni8406


Barraca Crypto
Barraca Crypto

All About Crypto Related News Around the world.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.