Binance the largest cryptocurrency exchange has announced today that it has agreed on a strategic partnership with Turkish bank Akbank. According to the report, Akbank has become the first bank in the world to have a direct channel integration with Binance Global.
This means that users from Turkey will be able to instantly deposit and withdraw Turkish Lira (TRY) directly on Binance via desktop and mobile apps.
AKbank is the biggest bank in Turkey and this partnership is expected to increase the number of users in the European country.
Binance has continued to expand its operations across the world via its Binance Fiat Gateway channel. In recent months the Crypto exchange has expanded its fiat gateway to countries like Nigeria, Australia and the UK.
Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions.
Binance CEO Hopeful BTC Rises by Over 9,000,000%
Meanwhile, Binance CEO Changpeng Zhao has delved into the recent issues regarding the current state of the crypto market. Zhao gave his opinion on what could happen to Bitcoin for the global markets hits another financial crisis.
He acknowledged that Bitcoin was created after the financial crisis in 2008 and looked at the growth of the coin in the past decade. According to him, BTC has risen by around 9 million per cent during this span of time.
CZ quipped about how high BTC could be valued in the face of a new financial crisis. CZ, while hoping that Bitcoin would get a bigger growth if a financial crises prevails, said BTC rose by over 9,000,000% when fiats and stocks were very strong.
#Bitcoin was created after the last financial crisis. It has risen 9,000,000% in the last 10 years when fiat and stocks were strong. How do you think it will do in the next financial crisis?
— CZ Binance 🔶🔶🔶 (@cz_binance) March 1, 2020
His tweet elicited reactions from the crypto community with several responses from his followers. A particular user with the ID @Shariq911 asked about the future of BNB in the next eight years to which CZ replied that what is good for BTC is good for BNB.
The early adopters of Bitcoin appear to be the ones that have fully maximized the Bitcoin market of which Changepng Zhao is one of them. The Binance chief was recently revealed as the richest crypto billionaire with a net worth of $2.6 billion on the Hurun global rich list.
