BtcTurk CEO: Inflation will continue to drive demand for bitcoin in Turkey

With the Turkish lira falling to a six-month low against the US dollar last week, Bitcoin will continue to be in control in Istanbul. Andy Cheung, head of OKEx operations at the cryptocurrency exchange, said that since the service was extended to Turkey on March 26, more than 30,000 Turkish users have registered for the platform. CoinMarketCap data shows that the lira accounted for 6% of the liquidity in the 2019 cryptocurrency transaction, making it the fifth most popular currency trading pair in the world. According to BtcTurk CEO Ozgur Guneri, slow inflation will continue to push Turkey's demand for bitcoin.