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Binance Exchange announced the start of cooperation with the Turkish bank Akbank. Thanks to this partnership, customers exchanges will be able to instantly convert cryptocurrency into Turkish lira and vice versa.
Binance CEO Changpen Zhao said:
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Akbank is one of the largest in Turkey. It has been serving the crypto community since 2017. Thanks to cooperation, Binance users who have passed the KYC check and have an account with a Turkish bank will be able to buy cryptocurrency using a bank transfer with low fees.
Thanks to the new fiat channel, users will be able to deposit lira without commissions and withdraw funds with a commission of 2.5 TRY.
According to a recent Statista survey, one in five Turks owns or owned cryptocurrency.
Recall that in February of this year, the Binance exchange added the function of buying four cryptocurrencies for the Ukrainian hryvnia through Visa bank cards.
According to the materials cointelegraph.com