RATE Group | Turkish Stablecoin Receives Spot Listing on BTSE Exchange
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Turkish Stablecoin Receives Spot Listing on BTSE Exchange

26 May Turkish Stablecoin Receives Spot Listing on BTSE Exchange

Posted at 01:20h in Cryptocurrency News by

Over-the-counter and cryptocurrency futures exchange BTSE today launched support for BiLira’s Turkish stablecoin TRYB. TRYB can now be traded against Tether (USDT) on BTSE’s spot markets.

Cointelegraph spoke to BiLira and BTSE to find out more about what the listing means for Turkey’s burgeoning cryptocurrency sector.

BTSE co-founder and CEO Jonathan Leong stated that the listing “enables Turkish users to facilitate lower fees via remittances, as well as instantaneous settlement times for TRYB users.”

Leong told Cointelegraph that BTSE entered the Turkish market earlier this year, stating that the exchange has garnered “a strong and growing community in Turkey.” 

He also noted “an increase in demand for onboarding options through the Turkish Lira,” prompting the decision to list the TRYB stablecoin.

BiLira is the 19th crypto asset for which BTSE has introduced pairings.

Turkey is ripe for crypto adoption

Speaking to Cointelegraph, Vidal Artditi, BiLira’s COO,…

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