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Binance Integrates Turkish Bank Channel, Akbank

Binance has announced the integration of a turkish bank Channel.

Binance, the leading global cryptocurrency exchange by both trading volume and active users in the world. It has announced the first bank channel integration at Binance Global with one of the most forward-thinking banks in Turkey, Akbank.

Accordingly, users are now able to instantly deposit and withdraw Turkish Lira (TRY) on Binance via desktop and iOS apps with the most competitive fees in Turkey.

Binance continues to work with a growing list of partners to provide access to crypto around the world. The platform is striving to create more ways to purchase cryptocurrency with fiat in a fast and secure manner. 

“As part of our mission to continue working on increasing the freedom of money worldwide and notably in a country that is fast-adopting digital assets. We are expanding the available options to lower the barrier to entry,” said CZ (Changpeng Zhao), Binance CEO. “As the industry scales with our products and services that grow in tandem, the availability and process of investing, exchanging and trading crypto will become more and more seamless.” 

Binance’s Recent Growth

Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions.

The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator). Binance DEX (decentralized exchange feature developed on top of its native, community-driven Binance Chain blockchain). And Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability), Binance X (developer-focused initiative) and Trust Wallet (its official multi-coin wallet and dApps browser).

Binance, the leading global cryptocurrency exchange by trading volume and users, now supports peer-to-peer (P2P) trading on its website. As of the 28th of February, users can buy and sell cryptocurrencies with zero transaction fees directly from other users through the Binance P2P platform. Moreover, can join the Binance P2P Global Merchants Program to earn money from P2P trades. 

Binance P2P, a peer-to-peer marketplace for buying and selling fiat and cryptocurrencies, was first launched on Binance mobile in October 2019. As an open marketplace and key component of Binance’s Open Platform Initiative. Moreover, Binance P2P aims to increase crypto adoption globally by facilitating direct fiat-to-crypto trades between users and merchants.

Binance P2P provides the platform for verified buyers and sellers to broadcast their offers, and a crypto escrow service to ensure the safe and timely delivery of crypto assets in every trade. In the past five months since its launch, Binance P2P has processed over $300 million in trades, attracting merchants and users across the world.

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Dare Shonubi

Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.

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