Binance TR brought together the leading names of the crypto asset and Web3 ecosystem at the "Binance TR Super Meeting" event held in Çeşme. Binance TR CEO Mücahit Dönmez stated that Turkey's crypto adoption rate has increased from 16% to 40% in the last three years, and emphasized that the country has gained an important position in the global crypto market.

Turkey's Crypto Adoption Rate Is Increasing

Dönmez stated that the recently approved crypto asset law makes Turkey one of the largest markets with crypto-specific regulations. He stated that Binance TR is focused on ensuring full compliance with these regulations. At the event, topics such as Binance's role in global crypto adoption, education initiatives in Turkey and the future of crypto were discussed. Additionally, participants were offered a comprehensive experience with social activities and interactive sessions.

Dönmez said, "In the last three years, the crypto adoption rate in Turkey increased from 16% to 40%. This rate ranked Turkey fourth globally in terms of transaction volume and twelfth in terms of crypto adoption." Emphasizing that their aim as Binance TR is not only to be a crypto exchange, but also to be a player shaping Turkey's digital future, Dönmez said, "We want to make crypto accessible to everyone in Turkey through user-oriented products and services and to serve as a gateway to the Web3 world." " he said.

Crypto Asset Law and Regulation

Mücahit Dönmez shared his views on the Law on Amendments to the Capital Markets Law, which includes regulations regarding crypto assets that recently came into force in Turkey. Dönmez said, “This legal regulation is an important milestone for all actors in the Turkish market.” He evaluated the impact of the regulations on the sector as follows: “With this comprehensive regulation, all crypto asset service providers will be subject to a licensing process in order to continue their operations in Turkey. The license obtained from the state regulatory authorities will increase the reliability of crypto asset platforms by ensuring they are on a legal basis. At Binance TR, we strongly support clear and comprehensive regulations to effectively govern the market and establish a global standard. “As we prepare for the upcoming regulatory changes in Turkey, we focus on ensuring full compliance with all requirements.”

Global Perspective and Trends of Turkish Users

Binance Global Marketing Head Rachel Conlan stated that they welcomed the newly enacted crypto law and stated that an exciting era has begun in the industry with this law. Conlan also touched upon the results of a survey conducted by Binance Research: “Turkish users' openness to new technologies supports high adoption rates and a dynamic investment environment. A recent Binance Research survey found that nearly 40% of Turkish investors are investing in crypto because of the high potential of blockchain technology, along with profitability and ease of tracking.” Referring to the global trends of crypto adoption, Conlan said, “Binance's growth from 100 million to 200 million in the last two years shows the speed of adoption of digital assets and blockchain technology. This is a sign that the crypto asset is moving from the 'early adopters' to the 'early majority' phase. However, despite the increasing place and use of crypto assets in our daily lives, the global market penetration rate is only 6.8%. “This shows that there is still great growth potential in the sector,” he said.

Binance TR's educational initiatives in Turkey also stood out at the event. In particular, the Binance Women in Technology Academy project attracted attention as an important step to encourage the participation of women and young people in the crypto ecosystem. At the Binance TR Super Meeting, participants were offered a rich experience with social activities, meetings with sponsors and interactive sessions.

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