Cryptocurrency exchange OKX has just announced it intends to open an office in Turkey "in the coming months."
The announcement has been made ahead of the Blockchain Economy Istanbul Summit.
During the event, OKX’s CEO Hong Fang, the company’s CIO Jason Lau, and the exchange’s CMO Haider Ra. will present the company's expansion plan and discuss the benefits of the jurisdiction for business.
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Lau has said:
"Turkey is an important market for us, and we're excited to build strong relationships with our users and contribute to the development of its crypto ecosystem."
According to him, the opening of a branch in Turkey marks "a move from a trust-based system to one that is trustless and empowers users to take control of their financial future."
OKX applied in March for a trading license in Hong Kong.