Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

Narkasa : to Let Investors Buy Crypto in Currency of Their Choice

share with twitter share with LinkedIn share with facebook
07/01/2020 | 05:02am EDT

Within the last six months, the number of those investing in cryptocurrency has risen by 20 percent, due to recent declines in global markets. Narkasa, a recently launched cryptocurrency exchange based in Istanbul, hopes to soon let its clients conduct transactions in 156 national currencies.

The global cryptocurrency market is currently worth almost $265 billion, with nearly $70 billion in transactions carried out every day. Meanwhile, 314 cryptocurrency exchanges are now in operation worldwide, according to Coinmarketcap. At most of these exchanges, however, cryptocurrencies can only be bought with US dollars or euros.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200701005057/en/

Narkasa to Let Investors Buy Crypto in Currency of Their Choice (Photo: Business Wire)

Narkasa to Let Investors Buy Crypto in Currency of Their Choice (Photo: Business Wire)

But this isn’t the case with Narkasa, an Istanbul-based cryptocurrency exchange that allows investors to buy crypto-assets with a number of different currencies. What’s more, the new service is offering a 50-percent fee discount on all transactions carried out within 90 days of its launch.

‘156 currencies from around the world’
With cutting-edge technology and services available in 12 languages, Narkasa provides investors with a platform for fast and secure cryptocurrency trading in a range of currencies. “Along with the dollar and euro, Narkasa supports transactions in Russian rubles, Ukrainian hryvnias, Brazilian reals, Kazakhstani tenges, and Turkish liras,” Narkasa CEO Erdal Kaya said.

“And we’re planning to expand our operations further to allow crypto-trading in 156 different national currencies,” he added. “Unlike most other exchanges, Narkasa will allow investors to purchase cryptocurrency from whatever country they happen live.”

Safe, reliable cryptocurrency trading
Narkasa doesn’t charge any commissions on the purchase of cryptocurrency through its platform and also guarantees that all its clients’ personal data is safe and secure. Regularly assessed by independent auditing companies, the firm operates in accordance with the EU’s anti-money laundering/counter-terrorist financing laws, while also adhering to “know your customer” guidelines.

Moreover, through the use of API technology, Narkasa provides a platform for algorithmic cryptocurrency trading. This allows clients to manage their investments using artificial intelligence specifically designed to protect against abrupt market fluctuations.

Cryptos taking world by storm
The number of cryptocurrencies now in use currently stands at 2,687, with Bitcoin, Ethereum, Tether, and Ripple accounting for 82 percent of total trade volume, which continues to surge at a dizzying pace. The proliferation of cryptocurrency exchanges, meanwhile, has led to a dramatic rise in the number of those investing in the sought-after commodity.


© Business Wire 2020
share with twitter share with LinkedIn share with facebook
Latest news "Companies"
06:18aMOTOROLA : Students Commit to Pursuing STEM Careers During the First-Ever Virtual Chicago STEM Signing Day
AQ
06:18aJUNE 2020'S MOST WANTED MALWARE : Notorious Phorpiex Botnet Rises Again, Doubling Its Global Impact on Organizations | Check Point Software
AQ
06:18aCheck Point Infinity SOC Eliminates Alert Overload, Enabling Security Teams to Identify and Block Cyber-Attacks with Unrivaled Speed and Accuracy | Check Point Software
AQ
06:18aAMS : Receives a Sell rating from Barclays
MD
06:16aAutomotive Brand Values
AQ
06:16aNEW INDIA ASSURANCE : Supreme Court Lays Down Tests To Determine ‘Contract Of Service' Or ‘Contract For Service'?
AQ
06:16aUBER V. HELLER : Supreme Court Throws Out Dutch Arbitration Clause As Unconscionable
AQ
06:16aSEMILEDS : Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)
AQ
06:16aORKLA : Latvija opens online store
AQ
06:16aMITSUI : begins exploring initiative to supply low CO2 metallics and iron making solutions to global steel industry
PU
Latest news "Companies"