On Monday (March 2), Binance announced that Akbank, one of the largest banks in Turkey, had become the “first bank ever to integrate directly with Binance.”
Akbank was founded “as a privately owned commercial bank in Adana on January 30, 1948.” It’s core business is “banking activities, consisting of corporate and investment banking, commercial banking, SME banking, consumer banking, payment systems, treasury transactions and private banking, and international banking services.”
Istanbul-headquartered Akbank has 770 branches across Turkey.
Binance’s blog post called Akbank “one of the most forward-thinking banks in Turkey”, and said that starting today, “users will be able to instantly deposit and withdraw Turkish Lira (TRY) on Binance via desktop and the iOS App with the most competitive fees in Turkey.”
Binance Co-Founder and CEO Changpeng Zhao (aka “CZ”), had this to say:
“As part of our mission to continue working on increasing the freedom of money worldwide and notably in a country that is fast-adopting digital assets, we are expanding the available options to lower the barrier to entry. As the industry scales with our products and services that grow in tandem, the availability and process of investing, exchanging and trading crypto will become more and more seamless.”