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Crypto exchanges in Turkey saw an almost 29% surge in trading volume over the past 24 hours after the Turkish Lira (TRY) plunged to a record low following the arrest of President Recep Tayyip Erdoğan’s rival, Ekrem İmamoğlu. Top Turkish exchanges BtcTurk and Paribo have both seen a 29% and 23% increase in 24-hour trading volume respectively. The trading volume of Binance’s Turkey branch, Binance TR, also rose almost 24%, while the bitcoin-lira pair reportedly rose to the highest hourly trading volume across the past year.  Protests in Turkey today after the detention of Istanbul mayor and opposition leader Ekrem İmamoğlu. He is considered the main rival to current President Recep Tayyip Erdoğan in future elections. İmamoğlu was detained at home this morning on suspicion of corruption, running a… pic.twitter.com/5Sf5bYiiv2 — Anton Gerashchenko (@Gerashchenko_en) March 19, 2025 Read more: Coinbase to leave Turkey after ending USDC yields in EU Ekrem İmamoğlu w...

This comes as a result of lawsuits faced by two major global cryptocurrency exchanges – Binance and Coinbase from the United States the Securities and Exchange Commission (SEC). advertisement Moreover, this move comes after another prominent Australian bank, Westpac, prohibited its customers from engaging in transactions with Binance . According to statement released by the Commonwealth Bank on June 8, it would decline or impose a 24-hour hold on “certain payments to cryptocurrency exchanges.” Reporting from @jessicasier @FinancialReview that @CommBank have banned AUD transfers to “high-risk” crypto exchanges & limited transactions with others to $10k per month, with a 24 hr delay. $700k per day leaves CBA as scammed money heading to crypto. Banks & the crypto industry… Recommended Articles Crypto Presale Projects For 202...