11/7/2022 | BeInCrypto

Dogecoin Trading in Turkey Surpasses Bitcoin and Ethereum Volume in the Past Month

Dogecoin Trading in Turkey Surpasses Bitcoin and Ethereum Volume in the Past Month

Turkish citizens have traded more Dogecoin than Bitcoin and Ethereum combined in the past 30 days.
The country’s weakening lira and high inflation rates have pushed citizens to the crypto market.
Turkish regulators have shown an interest in blockchain technology and the metaverse, despite being skeptical of cryptocurrencies.

Citizens in Turkey have traded over $380 million in Dogecoin over the past 30 days. This is more than both Bitcoin and Ethereum volumes combined.

Turkish citizens are taking to Dogecoin (DOGE), with the meme coin becoming the most traded asset in recent times. Trading volume data over the last 30 days from the top 3 exchanges show that the meme coin has seen over $380.3 million traded.

Dogecoin (DOGE) trading volume on top 3 crypto exchanges: Nomics
This is more than the trading volume of BTC and ETH combined. The latter two respectively amassed trading volumes of $154.4 million and $142.6 million. The three exchanges that were examined are BTCTurk, Bitexen, and Bitexlive.