KuCoin report shows which coins Turkish investors are using to fight inflation

KuCoin compiled a report on the economic situation in Turkey, and which cryptos Turkish exchange users seem to prefer. Turkish crypto investors using its exchange were opting for Bitcoin [BTC] and Tether [USDT]. This has been a trend since 2019, according to the exchange. However, Turkey’s regime is well aware of its crypto savvy population – with reportedly over 5 million crypto exchange account holders – and the draft of a crypto bill might see the light of day soon. More Bitcoin entered exchanges than left it on 15 January, showing that selling hasn’t come to a complete standstill. On the other hand, Glassnode data showed that the amount of Bitcoin HODLed or lost has hit a one year high. . . .