75% of all fiat volume in Binance, the largest cryptocurrency exchange by client count, is dominated by the Turkish Lira (TRY). At this rate, Kaiko, a blockchain analytics firm, confirms that the Turkish Lira is the most preferred currency, pointing to a shift in the global dynamics, especially regarding crypto adoption. Turkish Lira Popular Fiat In Binance As of September 14, 75% of all fiat volume was in Turkish Lira, ahead of the Euro and Brazilian Real (BRL). In the past three years, an unidentified cryptocurrency has gained popularity over traditional fiat currencies. From 2021, TRY’s use was among the lowest, with the Euro and BRL being popular. However, the trend changed in 2022 as adoption spiked, pushing the currency to the top in 2023. Related Reading: FTX’s Billion-Dollar Solana Liquidation: Market Crash Or Just Hype? When writing on September 14, Binance remains the most popular cryptocurrency exchange, supporting over 380 coins. At the same time, the crypto exchange supports over ten fiat currencies, of which other coins, besides those mentioned above, include the Nigerian Naira, GBP, and the Australian Dollar (AUD). ..
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