Crypto.com expands presence in Turkey with new products
Crypto.com, a Hong Kong-based cryptocurrency exchange, is expected to accelerate its growth in Turkey, pointing to the country as a high-potential market.
In a new offering for the Turkish market, the exchange has rolled out its Fiat Lira (TRY) wallet for Crypto.com app users in the country. This feature provides a 27/7 localized, toll-free top-up method for users in Turkey, allowing them to fund their TRY wallet using their bank accounts. Additionally, users can trade over 250 coins with TRY.
The surge in Turkish interest in cryptocurrency – alongside the shutdown of shady exchanges that have blocked thousands of their customers from accessing their funds – has alarmed regulated platforms like Crypto.com to expand their activities in the country. Turkey has been an interesting market thanks to its strategic location in Europe and Asia, as well as the country’s strong crypto presence.
To be part of the local crypto scene, Crypto.com has localized its Exchange Gen 3.0 web-based Exchange app and platforms to support Turkish customers, providing a top-notch user experience to access and trade over 200 pairs.
“We are really excited to launch several new product offerings in this important and still dynamic market. We will continue to build and provide a secure, premium service to our Turkish users,” said Kris Marszalek, Co-Founder and CEO of Crypto.com.
“Crypto adoption and the Web3 ecosystem continue to grow in Turkey, which is why we remain focused on providing our existing users and new to the market with the best and most secure crypto experience,” said Onur Guven, Managing Director, Turkey at Crypto.com. “These latest enhancements to our products and platforms for Turkish users are just the beginning of how we plan to double down on our investment and commitment to growth in Turkey.”
Crypto.com is expanding globally, gaining regulatory approval in recent months to offer crypto services in the UK, France, Italy, Cyprus, Dubai, South Korea and Singapore.
Crypto.comwhich claims 50 million users worldwide, consistently ranks among the top five global exchanges by spot volume, and claims its matching engine supports 2.7 million transactions per second with a core latency of 50 microseconds .
To bolster its credibility, the exchange has successfully passed Type ll Service Organization Control (SOC 2) certification audits for data security and privacy practices. A key industry standard, SOC 2 compliance measures the security, availability, processing integrity, privacy, and privacy of customer data across all solutions. Certification ensures Crypto.com’s ability to not only implement critical security policies, but also demonstrate compliance over an extended period.
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