Binance TR: Local Exchange on a Global Scale

Binance TR: Local Exchange on a Global Scale

Founded in Turkey in 2020, inspired by Binance’s user focus in the global crypto market and its mission to increase financial freedom, Binance TR plays an important role in the developing ecosystem of crypto asset exchanges. Although it is a local exchange targeting only users living in Turkey, Binance TR continues to achieve great success at the global level with its influence.

Spot BTC ETFs adopted in the USA in February and the fourth Bitcoin Halving expected to take place in April brought great demand and interest to the crypto industry in the first quarter of the year. In this period when the crypto industry continues to gain momentum with increasing adoption, number of users and transaction volumes, Binance TR has become one of the most preferred platforms of Turkish users by continuing to offer various tools and local solutions for the diversified needs and usage areas of Turkish users.

In line with the global developments in the rising trend, Binance TR, while maintaining its leading position in Turkey, also ranked 15th in the global crypto asset exchanges rankings on the world’s most frequently used price tracking platform called CoinMarketCap, becoming the local exchange with the highest score. Additionally, according to data confirmed by digital data analytics company Sensor Tower, Binance TR ranked 15th globally as the most preferred local exchange in Turkey in terms of mobile application downloads in the first quarter of 2024 and is the most downloaded local crypto and fintech. It was implemented.

Binance TR once again underlines its commitment to its users by establishing a tight communication and support network with its wide audience. Binance, which has a follower base of 1.1 million not only in Turkey but also on social media, also supports its users with various social responsibility projects.For example, the Binance Women’s Academy in Technology, which graduated its first 50 graduates in February, moved to Hatay in March and provided training on crypto and blockchain to 80 female university students affected by the earthquake, and instead of the community iftar dinner held every year in Istanbul, the container where the classes were held offered Ramadan Ramadan to the families in the city. decided to distribute the package. The Academy, which has graduated 130 students since January, aims to reach 5,000 students in 5 years.

Binance TR CEO Mücahit Dönmez explained that the basis of the success of the stock exchange lies in the user-oriented mentality and Binance’s mission to increase financial freedom. “As markets continue to gain momentum with increasing adoption and usage areas in the global crypto ecosystem, Turkey continues to be an important center for crypto. As Binance TR, we aim to fully comply with the legislation expected to come in 2024 to continue providing safe and easy access to our users “And that’s why we continue our investments in technology and human resources,” he said.

Binance TR facilitates users’ transactions by providing the widest range of Turkish Lira trading pair options in the market, with nearly 200 different Turkish Lira trading pairs on its platform. In addition, Binance TR, which offers users the opportunity to deposit and withdraw Turkish Lira 24/7 by collaborating with 7 different banks, provides users with a safer experience with the ISO 27001 and ISO 27701 certificates it received in 2023.