OKX announced its imminent launch in Turkey as the nation finalizes its new crypto regulation. The launch follows several major criminal cases that have hurt crypto investors.

OKX launched its new OKX TR platform to Turkish users amid a rollout of crypto regulations that follow a spate of criminal behavior that has harmed many.

How OKX is Expanding Its Business

OKX said its new platform will be customized for users in Turkey. The crypto exchange has partnered with several banks to offer easy crypto onramps. 

Traders in Turkey will be able to patronize OKX with the following trading pairs: USDT/TRY, BTC/TRY, and ETH/TRY. Turkish users can access the global OKX crypto wallet with multi-party computation and account abstraction features.

Mehmet Çamır, the chairman of OKX TR, said he was excited to bring the exchange to Turkish users. He envisions the project as part of Turkey’s goal to be a hub for Web 3 innovation. The exchange recently showcased its advancements in Bitcoin inscriptions with its new marketplace.

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