Turkey's cryptocurrency market has surged to approximately $200 billion in transaction volume over the past year, making it the largest in the Middle East and North Africa (MENA) region. This growth, driven largely by speculative trading amid economic challenges like inflation and currency weakness, positions Turkey far ahead of regional peers such as the UAE, whose market volume is about $53 billion. The upcoming Istanbul Blockchain Week event is expected to further spotlight Turkey's expanding digital asset sector, attracting global investors, institutions, and developers. Ripple, a major blockchain company, is actively expanding in the region, highlighting Turkey's growing importance in the crypto ecosystem.
In May, XRP inflows to Binance dropped sharply to 215 million XRP, the lowest since early 2026, indicating reduced short-term selling intent among holders. This decline aligns with more stable price action and lower volatility, suggesting fewer XRP h...
XRP is transitioning from a theoretical asset to practical use in treasury operations, with firms like Anodos Finance buying, holding, and paying employees in XRP since 2023. This move highlights XRP's growing utility as a cross-chain liquidity asset...
XRP traded flat around $1.34 with a sharp 52% drop in trading volume, signaling a cautious market awaiting clear catalysts. The token's price shows mild declines over recent weeks, indicating consolidation rather than a breakout. Key factors influenc...
Modest gains in Bitcoin and Ethereum caused a wave of short liquidations in crypto derivatives markets, with $4.9 billion in Bitcoin shorts and $5.6 billion in Ethereum shorts liquidated over 24 hours. This indicates heavy bearish positioning, making...
In Q1 2026, XRP's price dropped 27.1% to $1.34, causing it to lose its position as the fourth-largest digital asset to BNB. Despite this decline, XRP ETFs in the U.S. quickly reached $1 billion in assets under management, driven by corporate and inst...
