The Turkish lira (TRY) has recorded a record share of the cryptocurrency trading volume at 19%. The increase reflects the impact of high inflation and currency devaluation in the Turkish economy. According to Kaiko, TRY surpassed the Euro (EUR) to become the third largest fiat currency by volume. Bitcoin (BTC) trading on TRY also hit a new high, indicating an increase in investor interest in the safe-haven asset. Kaiko pointed out that one of the reasons for TRY's increased market share was Binance's loss of a banking partner, which led the exchange to withdraw its GBP and AUD trading pairs, further enhancing TRY's position in the cryptocurrency market. The data revealed that Turkey's foreign exchange volatility and monetary policy volatility are driving the expansion of its cryptocurrency market, providing investors with new trading opportunities and strategies for reacting to market movements.