Bitfinex Expands Services In Turkey With Direct Turkish Lira Deposits Via Vakıfbank Integration

Key Points:

• Bitfinex collaborates with Vakıfbank to enable fee-free Turkish Lira deposits directly into Bitfinex accounts.
• The exchange aims to strengthen its position in Turkey’s cryptocurrency market, a significant hub for digital assets.
• Turkish users can easily deposit Lira via web and mobile platforms, with reduced fees for the first six months.

Bitfinex, a prominent cryptocurrency trading platform, has unveiled a significant enhancement for its Turkish customers.

The company has established a seamless integration with Vakıfbank, a major player in Turkey’s banking sector, allowing users to deposit Turkish Lira (TRY) directly into their accounts without incurring any fees.

With Turkey being a significant market for cryptocurrency giant Binance, this move is poised to bolster Bitfinex‘s presence in the country. The novel integration caters to the needs of Turkish clients by offering a hassle-free mechanism to fund their Turkiye accounts from their own bank accounts.

Turkish users can initiate TRY deposits immediately via the Turkiye web platform, while mobile integration is scheduled for release by the end of July, promising a consistent experience across various devices.

This development not only simplifies the deposit process but also marks a pivotal step towards enhancing accessibility to the Bitfinex Turkiye platform.

As part of the integration celebration, Bitfinex Turkiye has introduced a limited-time fee reduction for the first six months. During this period, makers will enjoy a fee waiver, while takers will be subject to only a 4 basis point fee on the TRY/USDT trading pair.

This strategic stride emphasizes the platform’s commitment to delivering a versatile and user-friendly platform tailored to the unique requirements of its Turkish clientele.

By combining lowered fees with heightened convenience, Bitfinex Turkiye aims to captivate a growing number of Turkish users, reaffirming its mission to democratize financial access.

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