Turkey’s Akbank first of its kind to collaborate with Binance

One of the world’s most successful cryptocurrency exchanges Binance has been integrated successfully by Turkey’s leading bank Akbank, an official blog post from Binance confirmed the news on Sunday.

Akbank, Turkey’s most extensive bank offering private and commercial banking services since 1948, has been named as one of the most progressive and dynamic banking institutions by Binance. Turkey itself has been at the forefront of massive cryptocurrency adoption as the country continues to witness tremendous growth in the industry since 2017.

Now with the country’s most sought-after banking names Akbank, generating over thirteen billion Turkish Liras (TL 13.7 billion) in revenue, going ahead with its association with Binance, the exchange giant is hoping to trigger nationwide renewed interests in cryptocurrencies.

Turkey’s Akbank joins forces with Binance

As per the announcement, it is the first time a bank has ever merged its services with Binance. Starting today, Akbank will facilitate fiat deposits and withdrawal requests from Binance’s Turkey-based customers and streamline the buying of cryptocurrencies using Turkish Lira on the exchange platform. The partnership will allow instant deposits and withdrawals of Turkish Lira via desktop or iOS app in exchange for the most economical rates in the market.

Commenting on adding Akbank to its ever-growing list of partners, Binance CEO, Changpeng Zhao, who was recently named as the wealthiest crypto entrepreneur of 2020, said that Binance has always been committed to boosting financial freedom through cryptocurrencies. We are extremely thrilled that our firm has been welcomed by a country, which has embraced the concept of digital assets wholeheartedly. Together, we will eliminate the barriers on the way to financial independence, Zhao asserted.

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