21 Nov Bitfinex Turkiye Mobile App Launch Powers Increasing Financial Inclusion in the Country
Istanbul, November 21 2022 – Bitfinex Turkiye, a state-of-the-art digital token trading platform serving Turkiye, has launched a standalone Turkish language mobile app (Bitfinex TR), providing smartphone users in the country with a valuable tool for greater financial empowerment.
As part of the exchange’s global campaign to promote financial inclusion and greater financial literacy, the Bitfinex Turkiye mobile app brings to users in the country easier access to one of the largest and oldest bitcoin exchanges. The app provides customers in Turkiye with the ability to execute spot transactions on the platform.
With Bitfinex TR, users will be able to trade a variety of digital tokens and spot pairs, providing access to some of the deepest and most liquid markets for crypto in the world. Turkish Lira trading pairs BTC/TRY and TRY/USDt are available.
Turkiye is an emerging global crypto hub as the nation’s population use Bitcoin and digital tokens as a hedge against local currency depreciation to protect their savings. The plight of the Turkish lira, which has lost more than 22 per cent of its value against the US dollar since the start of the year, has helped further the popularity of cryptocurrencies in the country.
According to tripleA, more than 2.4 million people, amounting to 2.94 percent of Turkiye’s total population, own cryptocurrency, and a statista study found that almost 70% of Turkish had heard of Bitcoin and cryptocurrencies in 2021, compared to only 8.5% in 2020.
Many of the country’s cryptocurrency users have been drawn to Bitcoin in the wake of a precipitous rise in prices as Turkiye’s official inflation rate, which rose to 85.51%, a 23-year high.
As the preeminent professional trading platform, Bitfinex has introduced the app in Turkish to enable users to more seamlessly navigate the exchange’s advanced trading services. The Turkish language app, which is available to IOS users in Apple’s App Store and Android users on Google Play, has an intuitive design and user interface (UI).
“Turkiye’s legacy as a global commerce player established over centuries, and now being a major hub in the global digital token ecosystem, makes the country an important place to launch our Turkish-language app,” said Paolo Ardoino, CTO at Bitfinex. “With inflation soaring, we see that Turks intuitively understand the fundamental premise and value of Bitcoin as a means of furthering financial inclusion.”
Bitfinex’s operations in Turkiye are in accordance with all applicable laws and regulations in the country. Users in Turkiye can obtain access to the service at www.bitfinextr.com.
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for digital token traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and financed trading for a wide selection of digital assets. Bitfinex’s strategy focuses on providing unparalleled support, tools and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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