OKX Launches in Turkey with Localized Exchange and Web3 Wallet Services

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Turkey’s digital asset landscape is entering a new era with the official launch of OKX TR, a localized virtual asset exchange platform by global Web3 technology leader OKX. This strategic expansion brings a fully compliant, transparent, and user-centric trading environment to Turkish users, backed by advanced financial infrastructure and cutting-edge blockchain innovation.

With this rollout, OKX reinforces its commitment to empowering local users through seamless access to major cryptocurrency trading pairs, direct fiat on-ramps via leading Turkish banks, and round-the-clock customer support in both Turkish and English. At the same time, the OKX Web3 Wallet—now available to users in Turkey—offers an intuitive gateway into decentralized finance (DeFi), NFT trading, and dApp usage.

A Strategic Move into a High-Potential Market

Turkey has emerged as one of the most active markets for digital asset adoption, driven by rising inflation, growing financial innovation, and strong public interest in alternative investment tools. According to recent data, nearly half of all internet users in Turkey have already engaged with cryptocurrencies in some form—making it one of the fastest-growing crypto economies globally.

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Recognizing this momentum, OKX launched operations in Turkey in May 2023, establishing a local office and assembling a dedicated team focused on regulatory compliance, community engagement, and product localization. The official debut of OKX TR marks a major milestone in OKX’s global expansion strategy, aiming to capture market share by delivering tailored services that meet local needs.

Hong Fang, President of OKX, emphasized the significance of the Turkish market:

"The launch of OKX TR is a pivotal step in our global journey. With crypto adoption nearing 50% in Turkey, the market is not only vibrant but full of potential. The high level of public engagement creates an ideal environment for us to contribute meaningfully to the growth of a dynamic Web3 ecosystem."

Enhanced Local Features for Seamless Trading

One of the core strengths of OKX TR is its deep integration with Turkey’s traditional banking system. Users can now deposit and withdraw Turkish Lira (TRY) directly through partnerships with six major local banks:

This seamless fiat gateway reduces friction for new and experienced traders alike, enabling faster transactions and greater financial inclusivity.

In addition, OKX TR supports key trading pairs such as:

These pairings allow users to trade major cryptocurrencies against the national currency with minimal slippage and competitive fees, enhancing liquidity and accessibility.

Customer support is also fully localized, with 24/7 assistance available in both Turkish and English—ensuring users receive timely help whenever needed.

Introducing the Next-Gen OKX Web3 Wallet

Beyond centralized trading, OKX is expanding access to decentralized services through its non-custodial OKX Web3 Wallet, now accessible to users in Turkey.

Designed for both beginners and advanced users, the wallet serves as a unified portal for:

What sets the OKX Web3 Wallet apart is its dual implementation of two groundbreaking technologies:

  1. MPC (Multi-Party Computation) – Eliminates the need for traditional private keys by splitting cryptographic operations across multiple devices or parties, significantly reducing the risk of theft or loss.
  2. Account Abstraction – Enables smart contract-based accounts that support features like social recovery, gasless transactions, and multi-signature security—making blockchain interactions more flexible and user-friendly.

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This combination makes the OKX Web3 Wallet one of the most innovative self-custody solutions on the market today—lowering barriers for mainstream adoption while maintaining enterprise-grade security.

Building Toward a Web3 Innovation Hub

The leadership team behind OKX TR sees more than just commercial opportunity in Turkey—they envision the country becoming a regional hub for Web3 innovation.

Mehmet Çamır, Chairman of OKX TR’s Board of Directors, stated:

"Our launch reflects our confidence in Turkey’s immense potential and our long-term commitment to serving this market. As a global leader in virtual asset trading, we believe Turkey is poised to play a leading role in decentralized finance. By setting up here, we aim to support that evolution and help position Turkey as a center for Web3 innovation."

To achieve this vision, OKX plans to deepen collaborations with local developers, startups, regulators, and educational institutions. Future initiatives may include hackathons, developer grants, and financial literacy programs aimed at fostering responsible innovation.

Frequently Asked Questions (FAQ)

Q: Is OKX TR regulated in Turkey?
A: While full regulatory frameworks for virtual assets are still evolving in Turkey, OKX TR operates with strict compliance protocols and transparency standards aligned with international best practices.

Q: Can I use the OKX Web3 Wallet without an OKX account?
A: Yes—the OKX Web3 Wallet is non-custodial and can be used independently of any centralized exchange account. It supports direct connections to dApps and NFT marketplaces.

Q: Which cryptocurrencies can I trade on OKX TR?
A: You can trade major assets like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) against Turkish Lira (TRY), with plans to expand the selection based on user demand.

Q: How do I deposit Turkish Lira into my OKX TR account?
A: Simply link your account to any of the six supported banks—Fibabanka, VakıfBank, Ziraat Bankası, İş Bankası, Şekerbank, or Türkiye Finans—and initiate a bank transfer directly within the app.

Q: Is customer support available in Turkish?
A: Yes. OKX TR provides 24/7 customer service in both Turkish and English via live chat and email.

Q: Are there fees for TRY deposits or withdrawals?
A: Fiat transactions via partner banks typically have low or no fees, though exact terms may vary depending on the bank and transaction type. Always check within the platform for updated fee schedules.

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By combining a robust, localized exchange with next-generation Web3 tools, OKX is positioning itself as a key player in Turkey’s evolving digital economy. Whether you're a trader looking for reliable fiat on-ramps or a developer exploring decentralized applications, OKX TR offers the infrastructure, security, and support needed to thrive in the new era of finance.