Cryptocurrency platform OKX will start to operate in Turkiye with OKX TR on May 8

OKX announced the OKX TR brand, under which it will carry out its local operations in Turkiye.

Cryptocurrency exchange OKX announced the OKX TR brand, under which it will conduct its local operations in Turkiye, at the press conference held today. OKX first announced that it planned to operate in Turkiye on May 8, 2023. Additionally, the company introduced the Web3 wallet platform owned by the cryptocurrency exchange at the meeting. Users in Turkiye will be able to access OKX Web3 Wallet on OKX’s global platform.

What does OKX TR offer to users?

With OKX TR, users will be able to access localized features through banks such as Fibabanka, VakifBank, Ziraat Bank, Is Bank, Sekerbank and Turkiye Finans. These features include direct Turkish Lira deposit and withdrawal transactions.

In addition, OKX TR team offers 24/7 customer service support in Turkish and English. Users can trade common cryptocurrency pairs including USDT/TRY, BTC/TRY and ETH/TRY.

Additionally, as we mentioned at the beginning of the article, the company offers OKX Web3 Wallet, a non-custodial Web3 wallet. Thus, OKX TR users can have full control over their assets. Users can perform transactions such as NFT trading and decentralized application (dApp) use with the OKX Web3 Wallet. OKX Web3 Wallet stands out with both Multi-Party Calculation (MPC) and Account Abstraction (AA) features.

At the meeting, OKX Global President Hong Fang drew attention to the importance OKX attaches to Turkiye. Fang stated that OKX brings accountability, transparency, innovation and access to the ecosystem and stated that they will adopt this approach in Turkiye as well. Stating that OKX will be close to local partners and the local community, Hong Fang reminded that they also operate in Dubai and Brazil with a similar approach. Fang also emphasized that they will act in accordance with local laws.

OKX TR Chairman Mehmet Camir, who also attended the meeting, gave information about the company’s market targets. While Mehmet Camir pointed out OKX’s accessibility and 24/7 support features, he added that they will offer the most unique commission rates that have no rival.

In his speech, Mehmet Camir stated that the fintech infrastructure in Turkiye is developed and that, as OKX TR, they will offer an important deposit and withdrawal experience. According to Mehmet Camir, the company wishes to offer all its world-class features in Turkiye within the framework of regulations.

Mehmet Camir stated that the company took regulated institutions as an example when establishing its operations in Turkiye. In this sense, we can say that OKX TR has taken the steps that an international bank should take. According to the information shared; The company acts under the leadership of legal compliance and legal teams. While sharing OKX TR’s future plans, Mehmet Camir said, “We will become the most trusted and preferred platform by users in Turkiye.” In addition, Mehmet Camir stated that they aim to be one of the first companies to receive a license within the scope of the regulations planned to be implemented in Turkiye.

Source: Webrazzi / Prepared by Irem Yildiz

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