🚀Turkish Lira (TRY) is making crypto waves! Amid currency depreciation and forex volatility, TRY's crypto volume market share has hit a record high, outpacing the Euro to become the 3rd largest fiat by volume. 📈

• TRY's crypto volume market share peaked at 19% in early June, driven by the country's soaring inflation rate, which has topped 70%.

• This surge in crypto adoption is often seen in developing markets experiencing currency devaluation and forex volatility.

💰Bitcoin (BTC) has been hitting new all-time highs against TRY. In March, BTC soared above 2.3 million TRY, although it's dipped slightly to 2.24 million TRY since then.

• The rise in TRY's crypto volume share is also linked to Binance losing banking partners, leading to the delisting of GBP and AUD trading pairs and boosting TRY's share in overall fiat trade volumes.

What's your take on this? Will TRY continue its crypto ascent? Let's chat in the comments! 🗨️ #CryptoNews #TurkishLira #Bitcoin