The Turkish division of the cryptocurrency exchange announced the successful integration of an API connection with Vakıfbank, one of the largest banks in Turkey.
Bitfinex Turkiye users will now be able to deposit funds in Turkish Lira (TRY) directly from their bank accounts into their Bitfinex accounts at no cost.
In addition, as part of this integration, Bitfinex Turkiye has reduced the fee on the TRY/USDT cryptocurrency pair to 0 bps for makers and 4 bps for takers for the first six months, according to the exchange's website.
This strategic move is aimed at attracting new users to Bitfinex Turkiye and also underscores the exchange's commitment to providing a versatile and user-friendly platform tailored to the unique needs of Turkish clients.
"We are proud to offer Turkish customers the ability to deposit TRY seamlessly and cost-effectively into their Bitfinex Turkiye accounts. By integrating with Vakıfbank, one of Turkiye’s largest banks, we are making it easier than ever for users of Bitfinex Turkiye to access the cryptocurrency market," said Paolo Ardoino, CTO of Bitfinex.
Bitfinex's partnership with Vakıfbank is the next step after the launch of a peer-to-peer exchange in Latin America, targeting users in Argentina, Venezuela, and Colombia.
Read also: Bitstamp suspends staking service in the U.S.
