OKX plans to open an office in Turkey

OKX plans to open an office in Turkey

By Benson Toti - min read
Cryptocurrencies granted legal status in Turkey under new crypto law
  • OKX President Hong Fang said in a press release that the expansion is a big step towards empowering users.
  • The exchange expects the new office in place over coming months.
  • OKX was founded in 2017 and offers spot, margin and derivatives trading for its customers across the world.

OKX, one of the largest crypto exchange platforms and a leading Web3 company, plans to expand its global presence with a new office in Turkey.

The Seychelles-based crypto platform was founded in 2017 and has grown to become one of the best crypto exchanges in the world. The firm has millions of customers and offers access to spot, margin and derivatives markets for hundreds of crypto tokens. The company also offers DeFi, gaming dApps and an NFT marketplace.

In the press release published on Monday, OKX said it plans to have the office in operation in coming months.

Opening an office in Türkiye will be a crucial step for OKX as we move from a trust-based system to one that is trustless and empowers users to take control of their financial future. Türkiye is an important market for us, and we’re excited to build strong relationships with our users and contribute to the development of its crypto ecosystem,” OKX President Hong Fang said in a statement.

OKX execs to speak at Blockchain Economy Istanbul Summit 2023

The OKX team revealed the plans ahead of the Blockchain Economy Istanbul Summit 2023, with the exchange being a Title Sponsor and Premium Partner. The company’s President Hong Fang, Chief Innovation Officer Jason Lau and Chief Marketing Officer Haider Rafique are set to be keynote speakers and panelists at the summit expected to run from 8-11 May, 2023.

The summit is Eurasia’s largest blockchain event and the 8th edition in Istanbul will feature various crypto industry players, including investors, entrepreneurs and developers. Key topics will include Web3 and blockchain innovation.

Crypto ownership in Turkey has increased in the last few years, with the country currently home to over 13.6 million crypto owners. According to estimates, that’s 16% of Turkey’s population – making the country one of those with the largest number of people owning cryptocurrencies.