EXCLUSIVE Turkey’s cryptocurrency trades top 1 million a day amid lira woes – Reuters

December 22, 2021 by No Comments

A money changer counts Turkish lira banknotes at a currency exchange office in Ankara, Turkey September 27, 2021. REUTERS/Cagla Gurdogan

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LONDON, Dec 21 (Reuters) – The number of cryptocurrency trades in Turkey has surged back above one million per day as the country’s currency has plunged to a series of record lows, data shared with Reuters showed.

Worries about Turkey’s economic policy have seen the lira slump nearly 40% since September, driving Turks to look for places to park their savings to avoid the effects of soaring inflation. read more

The one million-a-day threshold – cleared according to data from blockchain analysis firms Chainalysis and Kaiko – was first surpassed earlier in the year when the sudden replacement of the country’s central bank chief in March triggered the lira’s first major slump of 2021.

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But the number …….

Source: https://www.reuters.com/markets/us/exclusive-turkeys-cryptocurrency-trades-top-1-million-day-amid-lira-woes-2021-12-21/


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