OKX, the global cryptocurrency exchange, has officially launched its Turkish unit, OKX TR. This new exchange offers users in Turkey access to the entire crypto ecosystem and decentralized finance (DeFi). It is the latest addition to OKX’s global expansion strategy, with plans for a Turkish unit announced in May 2023.
One of the key features of OKX TR is its partnership with local banks, allowing for direct fiat on-ramp as well as deposits and withdrawals. This is a significant advantage, as many crypto platforms struggle to find banking partners in certain jurisdictions. OKX TR has partnerships with multiple banks such as Fibabanka, VakıfBank, Ziraat Bankası, İş Bankası, Şekerbank and Türkiye Finans.
The exchange offers major crypto trading pairs, including BTC/TRY (Bitcoin), USTD/TRY (usdtd) and ETH/TRY. It also provides 24/7 customer support in both Turkish and English. Additionally, OKX TR users have access to the OKX Web3 Wallet through the exchange’s global platform.
OKX President Hong Fang stated that the launch of OKX TR is a significant milestone in their global expansion, with Turkey being a promising market for the crypto industry with a high adoption rate of 50%. The exchange is committed to helping the already vibrant Turkish ecosystem grow.
The OKX TR launch also offers a localized user experience, addressing the needs of the Turkish market. This includes a user-friendly interface and support in the local language.
To ensure a smooth and secure experience, OKX TR has implemented strict security measures. These include anti-money laundering (AML) and know your customer (KYC) policies.
In conclusion, OKX TR’s official launch in Turkey is a positive development for the country’s growing crypto market. It provides users with a reliable and secure platform to access the crypto ecosystem and supports the growth of the Turkish crypto industry.
