Rachel Conlan, the Chief Marketing Officer (CMO) of Binance, has praised Istanbul as a crypto hub and emphasized the potential of the Turkish crypto community. In an interview with CoinDesk Türkiye ahead of Binance Blockchain Week in November, Conlan highlighted the significance of Turkey in the global cryptocurrency ecosystem. She mentioned that Turkey has a 12% penetration rate in the crypto industry, making it one of the most exciting communities for crypto.
Conlan expressed her satisfaction with Binance Turkey’s achievements and stated that Istanbul is already considered one of the main hubs in the crypto space. She emphasized the importance of regulatory compliance and Binance’s commitment to adhering to regulations. Binance holds 18 licenses globally and has over 700 compliance officers working on user security. Conlan mentioned that Binance has invested over $80 million in infrastructure for compliance and may double that investment in the pursuit of excellence. She believes that regulations will help people adapt to the crypto industry.
Overall, Conlan’s remarks reflect Binance’s positive view of Istanbul and the Turkish crypto community, signaling the exchange’s interest in further engagement with the region.