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Daily Cryptocurrency Trading Volume In Turkey Exceeded $ 1 Billion

The daily trading volume of cryptocurrency exchanges in Turkey exceeded $ 1 billion. This increase, which has become apparent since the beginning of the year 2021, is because of consistent bullish performance by Bitcoin and altcoin market.

Managers of two cryptocurrency exchanges in Turkey spoke to Sefer Yüksel from Bloomberg HT. Crypto exchange managers said that the total daily volume on domestic trading platforms exceeded $ 1 billion. It has been reported that this number, which has been in the range of $ 500–600 million for several months, has started to grow rapidly since the beginning of the year. According to information shared by Yüksel, such crypto trading volume is close to one percent of Istanbul’s daily stock trading volume of 40 billion Dollars.

The Number Of Google Searches Is Growing Rapidly

Cryptocurrencies such as Bitcoin and Ether have gained more than 300% in the year 2020, boosting the popularity of the cryptocurrency market. The number of searches for words such as Bitcoin and Ethereum in Turkey has increased rapidly in recent weeks. The volume of searches for the word’ cryptocurrency ‘ has surpassed 2017.

Originally published at https://thecryptobasic.com on January 5, 2021.

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The Crypto Basic

The Crypto Basic

The Crypto Basic is focused on covering the most important topics of Cryptocurrency https://thecryptobasic.com/