Saturday, January 16, 2021

Binance Integrates with Akbank of Turkey to Enable Turkish Lira (TRY) Deposit and Withdrawal for Users

Binance, the largest exchange by trading volume has recently announced the integration of Akbank, one of the most forward-thinking banks in Turkey.

This integration will give its users the ability to make instant deposit and withdrawal in Turkish Lira (TRY) on its trading platform via desktop and the iOS App with the most competitive fees in Turkey.

The announcement was made via Binance exchange’s official website and Twitter handle a couple of minutes ago. According to the report, this is the first bank channel integration at Binance global.

This is an important strategy adopted by Binance to work with a growing list of partners, so as to make cryptocurrency easily accessible at every corner of the world.

Binance shared this, “First Bank Ever to Integrate Directly with Binance: Akbank Beginning today, users will be able to instantly deposit and withdraw Turkish Lira (TRY) on Binance via desktop and the iOS App with the most competitive fees in Turkey.”

The report went further to reveal that the exchange is determined to create more ways to buy cryptocurrency with national currency in a fast and secure manner.

Binance CEO, Changpeng Zhao, popularly known as CZ said, “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.

“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.”

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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