This September, Chainalysis released a 2022 Global Crypto Adoption Index, highlighting that emerging markets lead in grassroots adoption. This index ranks countries by the following five key sub-indexes, weighted by purchasing power parity per capita:
- On-chain cryptocurrency value received at centralized exchanges
- On-chain retail value received at centralized exchanges
- Peer-to-peer (P2P) exchange trade volume
- On-chain cryptocurrency value received from DeFi protocols
- On-chain retail value received from DeFi protocols
Mamoru’s flagship country, Turkey, came in at number 12 on the index, further validating the importance of bringing exchanges like Mamoru to emerging economies. The results of this index align with the company’s near-term goals of deploying the exchange in additional countries living in unstable economic conditions that would benefit from the use of cryptocurrency.
Despite the current bear market, emerging economies are turning to cryptocurrency to send remittances, maintain savings, earn income and address additional financial needs unique to each respective economy. Mamoru designed its core exchange with localization in mind, offering a custom experience for users in every country of operation and following through on our mission to provide the technology for anyone to safely and seamlessly access crypto transactions and investments.
“As we continue on our journey to make crypto assets easily accessible with local fiat on-ramps globally, reports like this one underscore the fact that targeting emerging economies worldwide is of the utmost importance for Mamoru. Following our launch in Turkey earlier this year, Mamoru continues to explore regions experiencing unstable economic conditions as the most pressing launch targets for short- and long-term growth.”
-Patrick Chiu, CEO of Mamoru
Despite the bear market, the trust in crypto remains unshaken within the country of Turkey. The country’s economic and cultural capital, Istanbul, has been hosting notable crypto events this year, such as ETHIstanbul, and Blockchain Economy Istanbul 2022 Summit — while striving for more. Turkey’s largest city will also be home to the Istanbul Blockchain Week, which Mamoru will be in attendance at, next month. If you’re in Istanbul the week of November 14, come see us at the Blockchain week event — or anytime at our local office. Our Istanbul office is located within a one-minute walk from the well-known “Agaoglu my office”.
Barbaros Mahallesi, Lale Sokak No:3 Kolektif House, Atasehir, Istanbul
At Mamoru, we believe that nothing should stand in the way of you and your financial independence. That is why we aim to provide crypto investors and traders with easy, trusted access to innovative crypto products and services. Built from the ground up by experienced traders, Mamoru exchange is a global organization, with 20 offices across 16 different countries. We carry all the crypto tokens you need, and none of the ones you don’t. We combine industry-leading security with convenient banking on-ramps, that give crypto investors peace of mind and easy, lightning quick fiat deposits and withdraws.
Register an account and take control of your crypto finances, https://www.mamoru.com/ and https://www.mamoru.com.tr/tr for Turkish residents.