Binance cryptocurrency exchange has added support for buying Bitcoin (BTC) and other cryptocurrencies with the Turkish lira through its local digital wallet partner Papara.
The exchange unveiled the addition on its website on Nov. 15, one week before CEO Changpeng Zhao's (CZ) visit to Turkey. According to the website, Turkish users are now able to exchange lira for BTC, Ether (ETH) and XRP through their Papara digital wallets.
Upon a request from Cointelegraph, Binance declined to comment beyond acknowledging the soft launch of Turkish Lira support.
Per the official website, support for Turkish Lira is limited to just buying cryptocurrencies, and there is no official word about when support for selling crypto with Papara will be added. Top Turkish local crypto exchanges, including BtcTurk, Paribu and Koineks also use the Papara digital wallet for deposits and withdrawals.
Major crypto exchanges make their way into Turkey
This move from Binance came weeks after another global crypto exchange, Huobi, announced the launch of its fiat gateway for the Turkish Lira. Huobi also opened an office in Turkey, where local cryptocurrency adoption is reportedly one of the highest in the world.