Transactions on crypto exchanges with the Turkish lira reached a record and overtook the euro.

Against the backdrop of high inflation in Turkey, transactions on crypto exchanges with the currency of this country have reached a historical maximum!

In early June, the share of the Turkish lira (TRY) in total trading volume on crypto exchanges reached a record high of 19% among all fiat pairs, Kaiko analysts write in a new report.

The turnover in currency pairs with the lira for the first time exceeded the volume in pairs with the euro. The leaders among fiat pairs remain the American dollar and the South Korean won, and the largest trading volume on crypto platforms traditionally takes place in dollar stablecoins.