Binance: In September, the Turkish Lira became the fiat trading pair with the highest trading volume

ChainCatcher news, Binance Research data shows that the Turkish Lira (TRY) became the largest fiat currency trading pair by trading volume on Binance in September, accounting for over 75% of all fiat currency trading volume. Previously, Turkey was the fourth largest cryptocurrency market by trading volume, following the United States, India, and the United Kingdom.

Additionally, Binance Research indicates that 27% of Turks started investing in cryptocurrencies only in the past year, with 8% beginning to invest in the last six months. Over the past three years, Turkey's cryptocurrency adoption rate has increased from 16% to 40%.