- Binance participates in another partnership as it collaborates with Turkish bank, Akbank.
Global crypto exchange platform Binance collaborated with one of the largest banks in Turkey, Akbank which has about 18 million customers. As per the press release, this collaboration will provide the privilege of instant deposit and withdrawal of Turkish Lira (TRY) on the platform through the desktop and the iOS app – with the most competitive pricings.
A poll conducted in 2019 revealed that 20% of the Turks owned or had used cryptocurrency, which marked as the highest adoption rate. The country provides a great scope for increase in adoption and it seems that Binance has taken the opportunity to add another partner to the list in an attempt to provide a seamless way to buy and trade crypto across the world.
Binance CEO Changpeng Zhao said:
“As the industry scales with our products and services that grow in tandem, the availability and process of investing, exchanging and trading crypto will become more and more seamless. As the industry scales with our products and services that grow in tandem, the availability and process of investing, exchanging and trading crypto will become more and more seamless.”
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