- The office in Türkiye is an important step in the platform’s global expansion
- OKX is a premium partner and title sponsor of Blockchain Economy Istanbul Summit 2023
OKX, the second-biggest crypto exchange by trading volume and a leading Web3 technology platform, is opening an office in Türkiye in the next few months. This is an important step in the platform’s global expansion, Bankless Times learned from a press release.
OKX is the title sponsor of the event
OKX made this announcement before the Blockchain Economy Istanbul Summit 2023, of which it is a premium partner and a title sponsor. OKX President Hong Fang, Chief Innovation Officer Jason Lau and Chief Marketing Officer Haider Rafique will speak during the event. They will also take part in panel discussions of why Türkiye is important for OKX's global expansion.
Hong Fang said:
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.
Jason Lau added:
Türkiye is a growing center of innovation and blockchain expertise, with a user base that has a strong appetite for crypto. We believe that establishing a physical presence in Türkiye will help us better understand the needs of our Turkish users and contribute to the growth of its crypto community.
Türkiye - a growing market for crypto
Türkiye has seen a significant rise in crypto adoption and trading activity in recent years. It has a relatively young and tech-savvy population, which has a strong interest in new financial technologies. This demographic is attracted to the potential benefits of cryptocurrencies, such as decentralized transactions, investment opportunities, and financial inclusivity.
Türkiye is experiencing economic volatility and inflation, which is leading to a loss of confidence in the traditional financial system. Cryptocurrencies are seen by many as an alternative store of value and a hedge against inflation.
The process of renaming the country from Turkey to Türkiye began in December 2021, when President Recep Tayyip Erdogan said the new name represented and expressed the culture and values of the Turkish nation in the best way.
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