According to the data of the crypto analysis platform Kaiko, after the start of the elections in Turkey, there has been a significant increase in the amount of transactions made in Turkish lira trading pairs on central crypto currency exchanges.
The share of Turkish Lira's trading volume between fiat currency pairs on central exchanges has increased from 5% last week to 15% in the current situation.
The Ratio of Tether's Transaction Volume to Other Cryptocurrencies on Turkish Stock Exchanges Reaches an All-Time High
In addition, Kaiko analysts also examined the trading volumes on BtcTurk. According to analysts, Tether (USDT) trading volume on the mentioned cryptocurrency exchange has reached an all-time high. USDT has surpassed Bitcoin, Ethereum and other cryptocurrencies on the exchange.
*Not investment advice.
