Cryptocurrency Exchange Exmo opened a representative office in Istanbul, the financial capital of Turkey.
Exmo, a leading crypto trading platform in Eastern Europe, said the entry to the new crypto market follows the launch of a Turkish language version of its website and introducing support for the Turkish lira (TRY).
"The Turkish market has become an incredibly pleasant discovery for us: after adding the Turkish lira to the platform and launching the Turkish version of the website, the numbers of traders from the Eastern Region undoubtedly pleases us", said Sergey Zhdanov, CEO of Exmo Cryptocurrency Exchange.
Exmo's clients from Turkey can currently trade in the most popular currency pairs with Turkish Lira: TRY/BTC, TRY/ETH, TRY/XRP and TRY/XLM.
A statement by EXMO team said bank transfer payment method will be available soon to its customers after finishing formal procedures related to the exchange's bank account in Turkish Bank.
Founded in 2013 and based in London, Kiev, Barcelona, Moscow, and Istanbul, Exmo is one of the leading exchanges in Eastern Europe. Exmo claims to have 1.6 million users and 50 000 active daily traders who together contribute to an average daily trading volume of $30 million.
The UK-based exchange offers more than 120 trading pairs, and supports six fiat currencies - US Dollar, Euro, Russian Ruble, Ukrainian Hryvnia, Polish Zloty and Turkish Lira.
Turkey is one of those inflation-hit countries where have been steadily gaining popularity due to the depreciation of the national fiat currency. Trading volumes on the country's major crypto exchanges spiked last summer when
The devaluation of the Turkish Lira against the U.S. dollar boosted the popularity of cryptocurrencies in the EU member state, where inflation is high.
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