OKX, the second largest cryptocurrency exchange in the world, announced the launch of OKX TR, a new crypto platform specifically designed for the Turkish market.

Plans to expand its global presence in Turkey were announced on May 8, 2023, ahead of the Istanbul Blockchain Economy Summit 2023.

The platform offers fiat access to the Turkish Lira in partnership with several leading local banks. These cooperation projects include Fibabanka, VakıfBank, Ziraat Bankası, İş Bankası, Şekerbank and Türkiye Finans, which ensures hassle-free depositing for users. OKX TR will feature trading of major cryptocurrency pairs against the Turkish Lira, including USDT/TRY, BTC/TRY and ETH/TRY.

An important component of the OKX service in Turkey is OKX Wallet, a non-customary Web3 wallet provided by OKX Global. This wallet allows Turkish users to use non-fungible tokens (NFTs) or decentralized applications (dApps).

OKX TR Chairman Mehmet Çamır highlighted the company's commitment to the Turkish community by opening a local office. He ruled:

OKX also announced plans to delist several privacy-focused cryptocurrencies, including Monero (XMR) and Zcash (ZEC), in early 2024.