One of the leading cryptocurrency exchanges – OKX – intends to open an office in Türkiye in the following months.

The company has already interacted with the Turkish market, launching direct deposits and withdrawals in the country’s official currency – TRY. It also put its name among the numerous crypto platforms that sent aid packages to the nation when a devastating earthquake hit it in February.

Another Expansion Step

OKX’s President – Hong Fang – said the exchange has picked Türkiye as its next destination because it considers it an “important market:”

“Opening an office in Türkiye will be a crucial step for OKX as we move from a trust-based system to one that is trustless and empowers users to take control of their financial future. Türkiye is an important market for us, and we’re excited to build strong relationships with our users and contribute to the development of its crypto ecosystem.”

CIO Jason Lau highlighted the country as a “growing center of innovation and blockchain expertise with a user base that has a strong appetite for crypto.”

Turkish people have indeed displayed huge interest in the digital asset universe lately. One possible reason could be the financial turmoil that looms across the nation and the depreciating official currency. The Turkish lira recently crossed a record low against the US dollar: an event that has previously triggered an increased interest in bitcoin and stablecoins.