Turkey’s crypto and blockchain ecosystem welcomed 2020 with big ambitions and a strong track record from 2019, which was its best year ever in terms of adoption. Following the release of Statista’s “Global Consumer Survey 2019,” which lists Turkey as a global leader by a wide margin in terms of crypto use, one major crypto exchange after another announced plans to set up shop in the country.
Huobi and Binance established their offices in Istanbul, Turkey’s biggest city and business center. Big players from Europe like Crypto.com and Bitpanda showed clear interest in the Turkish crypto ecosystem. The Turkish lira, the national currency of the country, became a regular trading pair on global exchanges.