News Explorer — Turkish Crypto Exchanges See Surge as Lira Value Collapses

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Mar 19, 5:35 pm

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Turkish Crypto Exchanges See Surge as Lira Value Collapses

Following the arrest of President Recep Tayyip Erdoğan’s rival, Ekrem İmamoğlu, Turkish crypto exchanges experienced a significant surge in trading volume, with BtcTurk and Paribu seeing a 29% and 23% increase, respectively. The detention, described as a "coup attempt" by the opposition, led to a 13% drop in the Turkish Lira's value against the USD.

Following the arrest of President Recep Tayyip Erdoğan’s rival, Ekrem İmamoğlu, Turkish crypto exchanges experienced a significant surge in trading volume, with BtcTurk and Paribu seeing a 29% and 23% increase, respectively. The detention, described as a "coup attempt" by the opposition, led to a 13% drop in the Turkish Lira's value against the USD.

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