Crypto.com expands its presence in Turkey with new products
Crypto.com, a Hong Kong-based cryptocurrency exchange platform, is set to accelerate its growth in Turkey, singling out the country as a market with huge potential.
In a fresh bid for the Turkish market, the exchange rolled out its Lira (TRY) Fiat Wallet for Crypto.com App users in the country. This feature offers a localized, zero-fee, 27/7 top-up method for users in Turkey, enabling them to fund their TRY Wallet using their bank accounts. In addition, users can enjoy trading 250+ coins with TRY.
The surge in Turks’ interest in cryptocurrency — alongside the shutdown of shady exchanges that left thousands of their customers unable to access their funds — has alarmed regulated platforms like Crypto.com to expand their business into the country. Turkey has been an interesting market thanks to its strategic location in both Europe and Asia, as well as the country’s solid crypto presence.
To be part of the local crypto scene, Crypto.com has localized its Exchange app and Exchange web Gen 3.0 platforms to support Turkish customers – providing top-notch user experience in accessing and trading 200+ pairs.
“We are truly excited to launch several new product offerings in this important and ever-dynamic market. We’ll continue to build and provide the top quality and secure service to our Turkish users” said Kris Marszalek, Co-Founder and CEO of Crypto.com.
“Crypto adoption and Web3 ecosystem continues to grow in Turkey which is why we remain focused on providing our existing and new users in the market the best and most secure crypto experience” said Onur Guven, General Manager, 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, winning regulatory approval over the past few months to offer crypto services in the UK, France, Italy, Cyprus, Dubai, South Korea and Singapore.
Crypto.com, which claims 50 million users worldwide, regularly ranks in the top five global exchanges by spot volume and says its matching engine supports 2.7 million transactions per second with 50 microsecond core latency.
To boost its credibility, the exchange has successfully completed Type ll Service Organization Control (SOC 2) certification audits for security and data privacy practices. A vital industry-standard, SOC 2 compliance measures the security, availability, processing integrity, confidentiality, and privacy of customer data across solutions. The certification assures Crypto.com’s ability to not only implement critical security policies but also prove compliance over an extended period.