Turkey makes an average monthly cryptocurrency transaction of $ 500-700 million.
1 million Turks make an average monthly cryptocurrency transaction of $ 500-700 million - last-minute economy
1 million Turks make an average monthly cryptocurrency transaction of $ 500-700 million
It has emerged that Turks are among the biggest cryptocurrency investors. 1 million Turks trade on domestic and international platforms for an average of 500-700 million dollars per month.
It turned out that Turkey was one of the countries that invested the most in cryptocurrency. While the number of cryptocurrency investors in our country exceeds 1 million, the average monthly trading volume of 500-700 million dollars is estimated.
Cryptocurrency trading platform Bitci.com Onur Altan Tan, general manager of ' S, according to the latest research there are more than 2 thousand cryptocurrency exchanges in the world and Bitcoin wallets between more than 300 thousand transfers take place per day, he said. "Turkey is among the countries in the world that invest the most in cryptocurrencies. The number of cryptocurrency investors in our country is estimated to exceed 1 million. The most cryptocurrency sector in the world with 20 percent of the Turks are projected to be again," he said.
The volume of the cryptocurrency sector in Turkey is approaching 200 million dollars per day in 2019, Tan said, "there are nearly 20 domestic platforms operating in Turkey. A large number of Turkish users also use other exchanges around the world. We estimate that the daily volume created by Turkish users exceeds 500-700 million dollars."
WHICH ONE WON IT?
"Bitcoin, which is identified with cryptocurrency, earned close to 90 percent to its TL-denominated investor last year," Tan said, noting that one of the most profitable investment vehicles of the past year was Bitcoin. Chainlink, partnered with Google, was one of the most profitable investment vehicles of the last year," he said.
Paribu CEO Yasin Oral also stated that the global cryptocurrency market closed 2019 with a size of $ 230 billion, while Turkey's monthly average trading volume of $ 500-700 million was realized.
Oral said: "when we look at the performance of cryptocurrencies on a dollar basis, we see Bitcoin gaining 95 per cent and Litecoin gaining 36 per cent. Ethereum lost 4 percent. Bitcoin, the most important unit of cryptocurrency, rose severely in 2019. Chainlink also made the leap. In Litecoin, there was also an upswing. As in the world, Bitcoin is the most popular currency in Turkey. Then Ethereum, XRP, XLM and Bitcoin Cash," he said.
INTEREST WILL CONTINUE IN 2020
Onur Altan Tan emphasized that they foresee that interest in cryptocurrency will continue to increase in our country in 2020, and underlined that the local digital currency included in the development plan last year is also important.
Tan, also attracted great attention in cryptocurrency markets and repeated every four years, Bitcoin half-time process as in the past periods, this year will be the most talked about issues in the markets are expected to come at the beginning of the expressed, this process is expected in May, especially on the Bitcoin side of the most important development that will increase investor interest
PAY ATTENTION TO THESE WHEN INVESTING
Yasin Oral advised those who want to invest in this area: "it is important to act with the right information, not with investment recommendations and predictions that do not stand on the ground. It is necessary to rely on accurate information that can be obtained from open sources instead of referrals. Tracking the projects, infrastructure, transaction volume and price chart of the cryptocurrency that will be invested gives Labor an idea. The other important point is to be wary of Unreal profit promises. Besides, the protection of personal data and assets is a critical issue. Details of transactions, personal data and digital savings should not be shared with other people. In addition, it is necessary to follow the market carefully in case of rapid price changes."