Crypto usage in Turkey jumped by elevenfold in a year, new survey shows

Crypto usage in Turkey jumped by elevenfold in a year, new survey shows


Turkey’s crypto userbase grew more than 11 times over the last year, a new survey from Turkish crypto exchange Paribu shows. 

The “Cryptocurrency Awareness and Perception Survey 2021” was conducted by Akademetre Research, revealing the perceptions and behaviors of Turkish citizens toward Bitcoin (BTC) and other cryptocurrencies. The first such survey was completed in 2020.

A significant discovery of last year’s research was that only 0.7% of over 6,000 respondents traded crypto in some form. On top of that, 84% of respondents had never heard of Bitcoin or other cryptocurrencies before. These results have contrasted with previous reports that claimed one-fifth of the Turkish population was exposed to cryptocurrency.

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This year, however, shows a substantial jump in terms of cryptocurrency usage in Turkey. Out of about 1,400 respondents, 7.7% said they traded with Bitcoin or other cryptocurrencies, marking an 11-times jump in crypto users compared to last year.

According to the survey, 11% of respondents with crypto knowledge have become active

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