Rachel Conlan, Binance's new Chief Marketing Officer (CMO), recently called Istanbul a crypto hub in an interview.
Specifically in a conversation with Serdar Turan, Editor-in-Chief of CoinDesk Türkiye, Conlan said: “I think we have huge potential and opportunities in Web3, and that's one of the reasons I was drawn to the industry this three years ago. The main reason is penetration. If we look at the global industry, we are only at 5% global penetration. I know well that in Türkiye the rate is 12%.”
While explaining Turkey's importance in the global ecosystem, she said: “Turkey is one of the most interesting communities for crypto. It's not just through numbers. While you have incredible penetration, we know it's increasing month by month.”
“It's not just about crypto exchanges and users holding crypto, but also about the vibrant ecosystem here with startups, investments. It's very interesting. For us, Türkiye represents a market from which we can learn a lot. We can learn and apply insights from the user base here to our global programs, what we need to do better.”
Conlan continued to express satisfaction with Binance Turkey's achievements and added: “I think Istanbul has become one of the main centers of cryptocurrency. That's actually one of the reasons that we chose to host Binance Blockchain Week here in November. It's really about connecting the community here with the international Web3 community.”
Conlan also emphasized the importance of regulatory compliance and Binance's commitment to this. She said the cryptocurrency exchange has 18 licenses globally and mentioned that there are more than 700 regulatory compliance officers at Binance working on user security, with an investment of more than 80 million. million dollars on infrastructure.
Furthermore, Conlan mentioned that this number could double in the future. She also added that “regulation will facilitate people's adaptation to the industry.”
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