“The New Law Will Strengthen Turkey’s Role in the Global Crypto Market”

Binance TR brought together the leading names of the crypto asset and Web3 ecosystem at the “Binance TR Super Meeting” organized in Çeşme. At the event, Binance TR CEO Mücahit Dönmez and Binance Global Marketing President Rachel Conlan met with the ecosystem and answered questions from members of the press.

“Crypto adoption rate in Turkey increased to 40%”

Speaking at the event, Binance TR CEO Mücahit Dönmez drew attention to the impressive increase in Turkey’s crypto adoption rates, saying, “In the last three years, the crypto adoption rate in Turkey has increased from 16% to 40%. This rate has brought Turkey to fourth place globally in terms of transaction volume and twelfth place in terms of crypto adoption.”

Emphasizing that their goal as Binance TR is not just to be a crypto exchange, but also to be a player that shapes Turkey’s digital future, Dönmez said, “We want to make crypto accessible to everyone in Turkey through user-oriented products and services and serve as a gateway to the Web3 world.”

“This legal approval is an important milestone for all players in the Turkish market”

Mücahit Dönmez also shared his views on the Law on Amendments to the Capital Markets Law, which was recently enacted in Turkey and includes regulations on crypto assets. Emphasizing that with the approval of the crypto asset bill in the parliament, Turkey has become one of the largest markets in terms of transaction volume with crypto-specific regulations, Dönmez said, “This legal approval is an important milestone for all actors in the Turkish market.”

Dönmez emphasized Binance TR’s sensitive work on regulations, saying, “With this comprehensive regulation, all crypto asset service providers will be subject to a licensing process to continue their operations in Turkey. The license obtained from state regulatory authorities will increase the reliability of crypto asset platforms operating in this field by ensuring that they are on a legal basis. As Binance TR, we strongly support clear and comprehensive regulations to effectively manage the market and create a global standard. As we prepare for the upcoming regulatory changes in Turkey, we are focused on ensuring full compliance with all requirements.”

“Binance has grown from 100 million to 200 million users in the last two years”

Referring to global changes in crypto adoption, Rachel Conlan, Head of Global Marketing at Binance, said, “Binance’s growth from 100 million to 200 million users in the last two years demonstrates the speed of adoption of digital assets and blockchain technology.” She conveyed Binance’s perspective on the expansion in this area.

“This is a sign that the crypto asset space is moving from the ‘early adopter’ to the ‘early majority’ phase. However, despite the increasing presence and use of crypto assets in our daily lives, the global market penetration rate is only 6.8%. This shows us that there is still significant growth potential in this sector,” Conlan said.

Global marketing president Conlan said they welcomed the new crypto asset law in Turkey, adding that the law marks the beginning of an exciting new era in the sector.