There are many exchanges that have been serving for many years in Turkey, which is gradually rising in the crypto money sector. According to the latest research by CoinGecko, the order of market shares of stock markets in our country has changed. Paribu, which passed BtcTurk PRO, took the top.
According to the latest research published in CoinGecko, Paribu exchange has the largest market share among crypto money exchanges in Turkey. BtcTurk PRO, which was at the top during the first quarter of 2022 and 2023, took the second place. Paribu’s market share is 50.5%, BtcTurk PRO’s 36.9%. While Bitci is in the third place with 12%, Bitlo is in the 4th place with 0.7%.
While all stock markets in Turkey continue to grow, the change in market shares reveals that competition has increased. Due to the decreases in the market, there is a decrease of nearly 50% in the transaction volume compared to the previous year. Despite this, Turkey seems to be less affected by the declines compared to other countries.
The annual total trading volume on the largest cryptocurrency exchanges in Turkey was $106.89 billion in 2022. In the first half of 2023, the total transaction volume is 34.91 billion dollars.
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