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Crypto Trading in Turkey Nears $200 Billion
Turks are increasingly turning to crypto investments as millions of people enter the digital asset market. With Turkey’s annual crypto trading volume approaching $200 billion, the country has become one of the most active markets for digital assets. But how large is Turkey’s crypto investment market and which cryptocurrencies do Turkish investors prefer the most?
Crypto investment in Turkey continues to grow rapidly as millions of people turn to digital assets. Bitcoin and Ethereum remain the most popular choices among Turkish investors, while the country’s annual crypto trading volume has approached $200 billion.
How many people invest in crypto in Turkey?
Turkey has emerged as one of the most active crypto markets in the world in terms of adoption.
According to recent research, about 52% of individuals aged 18–60 in Turkey have invested in cryptocurrency at least once. This high adoption rate places Turkey among the leading countries globally in crypto usage.
More conservative estimates suggest that around 25% of the country’s population has owned or currently owns cryptocurrency, representing tens of millions of investors and making Turkey one of the largest retail crypto markets in Europe.
Which cryptocurrencies are most popular in Turkey?
The preferences of Turkish crypto investors largely mirror global trends, with major cryptocurrencies dominating portfolios.
The most widely held digital assets in Turkey include:
- Bitcoin (BTC) – held by more than 70% of investors
- Ethereum (ETH) – owned by roughly 40–45% of investors
- Tether (USDT) and other stablecoins – used by about one-third of investors
Stablecoins are particularly popular in Turkey because they are pegged to the U.S. dollar, making them a common tool for preserving value amid currency volatility.
Turkey’s crypto trading volume nears $200 billion
Turkey’s crypto market has expanded significantly in recent years, not only in terms of investor numbers but also trading activity.
According to blockchain analytics reports, annual cryptocurrency trading volume in Turkey has approached $200 billion, positioning the country as one of the largest crypto markets in Europe and the Middle East.
Why are Turkish investors turning to crypto?
Research suggests several key motivations behind the rise of crypto investment in Turkey:
- Wealth accumulation and long-term investment
- Protection against inflation
- Expectations of high returns
- Seeking alternatives to traditional financial assets
Analysts note that younger and tech-savvy investors are particularly active in the crypto market.
Source: KuCoin report, coinmarketcap
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