EOS Partners with Turkey’s CoinTR Exchange to Promote Web3 Growth and Innovation

Summary:
• EOS Labs and EOS Network Foundation are teaming with one of Turkey's leading exchanges for a share of the country's $170 billion market.

EOS Network Foundation and EOS Labs, the organisations steering the EOS blockchain, have formed a strategic partnership with Turkeys’ leading crypto exchange, CoinTR. The organisations announced the CoinTR 2nd Anniversary Party that took place in Istanbul on November 28th, during which the two organisations revealed that they had established a Web3 Lab together.

Turkey’s place in Web3 industry and EOS growth plans

Turkey is quickly rising to prominence in the digital asset arena. This is driven by its progressive regulatory policies and growing involvement in the cryptocurrency market and resilience in the face of global economic challenges. The Turkish cryptocurrency market recorded $170 billion worth of trading volume last year, placing the country fourth globally. These figures highlight the country’s significance in the global cryptocurrency industry. EOS considers CoinTR as a key partner in this dynamic environment in its efforts to unlock a new growth frontier.

Founded in 2022 and based in Istanbul, Türkiye, CoinTR has established a strong footprint in the international digital assets market. The company is on a mission to offer compliant and secure trading services to users across the globe. The collaboration leverages CoinTR’s growing market influence and EOS Network’s proven, cutting-edge blockchain technology, aiming to transform the Turkish Web3 scene and boost blockchain adoption worldwide.

As part of that effort, the EOS Network will further its dedication to supporting blockchain innovation worldwide by launching a Turkish Web3 Incubator to nurture innovative blockchain projects in the Turkish market.

As the partnership gets down to business, CoinTR users can join initial exchange offerings (IEOs) and incubated project launchpools using EOS token, USDT, and the Turkish lira as platform currencies. In addition, to incentivize EOS holders to lock their tokens on the exchange, CoinTR will introduce an EOS staking pool. In addition, selected EOS projects will benefit from marketing, token listings, and other ecosystem activities.

By supporting the EOS mainnet and EOS EVM, CoinTR will help grow the EOS ecosystem and improve the financial experience for users in Turkey and the larger EOS community. This partnership will serve as an incubator as well, and in the end, it hopes to host innovative projects that use blockchain and cryptocurrency as a way of fostering innovation in the industry.