ChainCatcher news, cryptocurrency trading platform Blockchain.com announced plans to increase its workforce by 25% in the first quarter and seeks to enter new markets such as Nigeria and Turkey.The company has also hired Curtis Ting, former head of global operations at Kraken, to help establish a new hub in Paris and create local entities across Europe to comply with new regulatory requirements. Currently, Blockchain.com’s European operations are managed through a single entity located in London.Blockchain.com CEO Peter Smith stated in an interview that the company will also seek more local licenses. The company currently has about 300 employees and plans to enter the Nigerian and Turkish markets next year.

ChainCatcher news, Binance's new CMO Rachel Conlan highly praised Istanbul's position in the global cryptocurrency ecosystem during an interview with CoinDesk Türkiye, calling it a crypto hub.Conlan mentioned that while the global penetration rate of digital currencies is only 5%, Turkey has reached 12%. She also emphasized Turkey's importance in the global ecosystem and expressed satisfaction with Binance's achievements in the Turkish market.Conlan also stressed the importance of regulatory compliance, stating that Binance holds 18 licenses globally and has invested over $80 million in user safety infrastructure. She anticipates that this number may double in pursuit of excellence, adding that "regulation will facilitate people's adaptation to this industry."

ChainCatcher news, KuCoin released the 15th issue of the series report "Deep Dive into the Crypto World: Understanding Turkish Crypto Users." The report reveals the crypto ecosystem in Turkey and provides in-depth insights into the trends, preferences, and behaviors of adult crypto investors in Turkey.Here are the key insights from the report:The proportion of adults in Turkey investing in cryptocurrencies increased from 40% in November 2021 to 52% in May 2023.Despite a challenging market environment, the popularity and acceptance of cryptocurrencies are growing, partly due to the Turkish lira depreciating over 50% against the dollar.Female participation is on the rise, with 47% of young women aged 18-30 holding cryptocurrencies.31% of investors joined in the last 3 months, and 54% of investors under 30 joined last year.The main motivations are for long-term wealth (58%), asset preservation (37%), and risk diversification (25%).Bitcoin has the highest holding rate at 71%; Ethereum at 45%; stablecoins at 33%. NFTs and the metaverse concept are also popular among some investors.The primary uses of cryptocurrencies are for trading (70%) and purchasing NFTs (22%). Some also use them for gifts (14%), person-to-person transfers (13%), and more.57% of investors learned about cryptocurrencies through family and friends, with social media also playing a role.