Frexcoinby opens a new office in Turkey

22.06.2022 Off By Joe Pick

The Singapore-based cryptocurrency exchange Frexcoinby continues to expand its presence around the world, mainly in countries that show an active interest in cryptocurrencies.

Now a new office has opened in Turkey. By providing additional information about this step, in they stated that the new offer would include “fiat transactions with the Turkish lira”, in addition, an office with local staff would be opened.

To meet the future traffic from the Turkish market, the crypto exchange plans to offer localized products and various services to customers.

Turkey has one of the highest levels of cryptocurrency penetration in Europe, as high inflation forces local residents to use cryptocurrencies as a means of saving funds and an asset for transactions.

Interest in cryptocurrency in Turkey has grown after a sharp drop in the exchange rate of the national currency in 2018.