Tether, SHIB Compete With Bitcoin in Inflation-Ridden Turkey as Lira Tumbles

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“The data shows despite the instability faced by the lira, local traders are still attracted to the exceptional returns associated with coins such as SHIB,” Strahinja Savic, head of knowledge and analytics at Toronto-based crypto platform FRNT Financial, stated in an e mail. CoinDesk reached out to BTCTurk, one in all a handful of native exchanges providing lira-BTC trades for remark, however has not obtained a response.