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- New traders are taking a look at what the technology has to offer. 25% of Turkish investors have been trading cryptocurrencies for more than a year.
- Turkish women are almost as well represented as men. Women account for 47 percent of investors and 63 percent of crypto enthusiasts. As per a survey conducted by a large Turkish bank, Turks over the age of forty are more engaged in cryptocurrency.
- When it comes to trading, security and stability are important to 70% of Turkish respondents. The convenience of fiat deposits and withdrawals is significant to 66% of respondents. 65 percent of respondents consider the user interface to be crucial. Traders want a range of tradable coins, according to 63% of them. The importance of transaction liquidity is deemed important by 55% of consumers.
Turkey is experiencing a surge in bitcoin usage. Despite the lack of a regulatory structure for these assets, this is the case. In the midst of a financial crisis, Turkey’s growth of digital assets has increased. Exchange of cryptocurrencies on a global scale KuCoin did a poll of Turks and came up with some fascinating results.
Results Of The Poll
The value of the Turkish currency has plummeted by nearly half. Alternative investments are becoming increasingly popular among consumers. While the US dollar and gold remained safe havens, cryptocurrencies are becoming increasingly popular. For the first time, cryptocurrencies have become fashionable among most Turkish citizens. New traders are taking a look at what the technology has to offer. 25% of Turkish investors have been trading cryptocurrencies for more than a year.
There is no distinction between men and women. When it relates to buying and selling stocks in cryptocurrency, Turkish women are almost as wellrepresented as men. Women account for 47 percent of investors and 63 percent of crypto enthusiasts. As per a survey conducted by a large Turkish bank, Turks over age of forty are more engaged in cryptocurrency. Turkish traders are interested in stablecoins and metaverse tokens. Last year, Bloktopia was indeed the third most exchanged commodity on KuCoin in Turkey. Also popular is the concept of veracity. Turkey’s inflation is out of control, and the Turkish lira had lost nearly half of its value. This helps to explain why 40% of internet users aged 18 to 60 own cryptocurrency or have traded it in the last six months. In the next six months, 59 percent of crypto investors intend to acquire more.
Turkey And Stablecoins Are Two Topics That Come Up Frequently
The desire for stablecoins makes sense, Kucoin says, since it offers U.S. Dollar exposures in virtual format through Tether’s USDT. USDT is also a fairly liquid asset that is supported by practically every trading platform in the globe and is used in both spot and futures trading. Furthermore, when working with volatile assets, derivatives future and options are critical risk management instruments. Kucoin further stated that metaverse initiatives are becoming increasingly popular around the world, and Turkish is no exception. Investors are increasingly interested in trading project tokens, despite the fact that these assets can experience severe volatility at this preliminary phase of metaverse development.
Here are a few more discoveries. When it comes to trading, security and stability are important to 70% of Turkish respondents. The convenience of fiat deposits and withdrawals is significant to 66% of respondents. 65 percent of respondents consider the user interface to be crucial. Traders want a range of tradable coins, according to 63% of them. The importance of transaction liquidity is deemed important by 55% of consumers.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
