SHIB And USDT Are More Popular Than Bitcoin In Turkey

According to the information shared by Coindesk, SHIB and USDT are more popular than Bitcoin in Turkey.

According to the latest report published by CoinDesk, one of the leading crypto platforms, the interest in altcoins in Turkey is increasing day by day. Although Bitcoin is a widely adopted cryptocurrency as a store of value, the CoinDesk report stated that Turkish citizens are investing in cryptocurrencies such as SHIB and USDT as an alternative to Bitcoin. Because the BTC/TRY trading volume on the leading crypto exchange Binance was at the level of 918 million dollars in November, while the trading volume of the SHIB/TRY parity was 5.26 billion dollars and the trading volume of the USDT/TRY parity was at the level of 5.58 billion dollars. Making a statement on the subject, the official of Toronto-based FRNT Financial made the following statements: "The data shows that local traders are still impacted by exceptional returns associated with cryptocurrencies like SHIB. The Turkish lira fell 40% against the US dollar in November."