Binance – State of the Market Turkeys Crypto landscape

Turkey has a high level of crypto adoption, with around 40% of its citizens having exposure to cryptocurrencies. Crypto is considered one of the most popular investment options in the country. According to a recent survey, 66% of investors believe that the potential for profits is the most compelling reason to invest in crypto, followed by ease of portfolio monitoring and interest in the technology. In the short term, 64% of investors expect crypto prices to increase in the next year. Looking ahead, 73% believe that the number of crypto investors will continue to grow over the next 5 years, indicating an increasing trend in adoption. At the Binance Blockchain Week 2023 conference held in Istanbul, the focus was on recent innovations, institutional adoption, and the user experience. The conference attracted over 2,000 physical attendees and more than 0.5 million people joined through a livestream.