OKEx launches Turkish lira on C2C platform

(source: Unsplash/Rohan Reddy)

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Malta-based digital asset exchange OKEx is launching the Turkish lira on its customer-to-customer (C2C) fiat-to-token trading platform, as another step in its expansion strategy, according to a press statement by the firm. OKEx recently listed the British pound (GBP) and the Thai baht (THB) on its platform.

The Turkish lira C2C trading service will be available from early April. The company has also added the Turkish language to its online platform and website, as an addition to eight other languages.

“Turkey is the country that has one of the highest percentages of crypto ownership in Europe, and it owns one of the fastest growing crypto communities in the world. While Turkey is entering an economic recession, people are finding ways to safeguard their wealth, and many of them have turned to digital assets,” says Andy Cheung, Head of Operations of OKEx.

“At OKEx, we are actively looking for ways to serve the community here. By supporting Turkish lira, we hope to provide an additional solution for the local people to address their concerns on economic stability,” the head adds.

OKEx listed the British pound (GBP) and the Thai baht (THB) as two new currencies for trade on its over-the-counter (OTC) platform in late-January. The company also expressed commitment to the UK market despite Brexit woes. Very recently, OKEX unveiled its initial exchange offering (IEO) platform, dubbed “OK Jumpstart”.