Turkey Takes Advantage of The Bearish Market to Build Its Crypto Ecosystem.


Local experts believe that the Turkish crypto and blockchain ecosystem is working to develop during the bear market.

The Turkish people’s crypto ecosystem is enthusiastic about growing in the bearish market due to their belief that “The bear market is an opportunity to build.” Furthermore, they are optimistic about making Istanbul the business hub of Turkey and home to the global hype surrounding Ethereum.

Although Turkey has a considerable base of crypto investors, their local community also consists of university clubs, Web3 startups, blockchain developers, and academics.

In the words of economist Erkan Öz, the high inflation rate is a crucial driver behind Turkey’s growing interest in crypto assets. However, he stated that they hadn’t wholly converted their crypto adoption to blockchain startups or projects due to a lack of healthy regulations to sustain the ecosystem.

He said that a legal infrastructure should be established by turkey, which will protect both the investors and support blockchain and crypto assets as soon as possible. Despite the rapidly growing crypto adoption, Turkey lacks startups and developers.

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.