Turkish Lira Slump Contributes to Rise in Turkey’s Daily Crypto Trades to Ove...

Turkish Lira Slump Contributes to Rise in Turkey’s Daily Crypto Trades to Ove...

The popularity of cryptocurrencies in economically embattled Turkey has continued to surge with the number of daily trades now surpassing one million, a report has said. This surge in trades has been attributed to the depreciating lira which plunged to a new low against the USD on December 20. Lira Plunges Cryptocurrency trades in inflation-stricken Turkey have surged to above one million per day for the first time since March, a Reuters report citing Chainalysis and Kaiko data has said. According to the report, the return to over a million trades per day has come at a time when....


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