Turkey-Based Akbank Becomes the First Bank Ever to Integrate Directly with Binance

News / 02.03.2020

Binance, a leading crypto exchange in terms of volume has announced its partnership with the biggest Turkish bank, Akbank.

The collaboration will enable Turkish users to instantly deposit and withdraw Turkish Lira (TRY) on Binance through desktop and iOS App, with low fees.  Binance had earlier announced support for the Turkish Lira on its platform for Turkish citizens.

Binance CEO, Changpeng Zhao, stated that the exchange is expanding the available options to lower the entry barrier to crypto trading. He said this is part of Binance’s mission to continue working on increasing the freedom of money worldwide, and importantly in a country that is growing quickly in digital assets adoption.

Zhao added that the availability and process of investing, exchanging and trading crypto will become more and more seamless as the industry scales with Binance’s products and services.

In recent times, Binance has been partnering and acquiring different crypto businesses to provide access to crypto around the world. The exchange has been working around the clock to create more avenues of purchasing crypto with fiat in a fast and secure manner.

Featured image courtesy of Shutterstock. Source: Cryptopress.

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Born in Bucharest, Marius is the founder of Crypto Adventure. Since his first contact with Bitcoin and cryptocurrencies, he never stopped believing that they are one of the most important innovations of our time, which will forever change the way business is done.