In a recent interview Rachel Conlan, the newly appointed Chief Marketing Officer (CMO) of Binance, the largest cryptocurrency exchange in the world by trading volume, referred to Istanbul as a “crypto hub.”
In an interview with Serdar Turan, prior to Binance Blockchain Week in early November, Conlan stated: “I think we have an incredible potential and possibility in Web3, and it’s one of the reasons I’ve been pulled to this business three years ago. The permeation is the main factor. We barely have a 5% global penetration rate when looking at the entire sector. I am aware that it is at 12% in Turkey.
She stated that Turkey is one of the most fascinating communities for cryptocurrency while elaborating on Turkey’s importance within the global ecosystem. That’s not only evident from the figures. We are aware that despite your tremendous penetration, it continues to rise.
“That includes not only cryptocurrency exchanges and holders, but also this region’s thriving startup and investment ecosphere. It’s a lot of fun. Turkey is a market where we can learn a lot, in our opinion. The user base here can teach us and provide us insights into how to apply it to our worldwide programmes and what we need to be doing more effectively.
Conlan added that she was pleased with Binance Turkey’s accomplishments and that she believed Istanbul was already a major centre. It’s not about becoming the hub, in my opinion. That’s really one of the main reasons we decided to hold the future Binance Blockchain Week in this location in November. In reality, that refers to combining the local and global Web3 communities.
Conlan also stressed the significance of regulatory compliance, citing Binance’s dedication to compliance as one of the main factors in her decision to join the exchange.
She emphasised that the cryptocurrency exchange possesses 18 licences globally and that over 700 compliance professionals at Binance work to ensure user security, with an infrastructure investment of over $80 million. Conlan also suggested that in the pursuit of perfection, this number might be doubled. In addition, she stated that “regulations will facilitate people’s adaptation to the industry.”