Turkey paid slightly less for Bitcoin than the rest of the world on Nov 8. The Turkey Premium Index read -0.09% (-8.6 bps), measured across six Turkish exchanges, close to its 24 hour average of -8.3 bps.
The gap is almost all currency. Tether against the lira traded -7.7 bps under the official USD/TRY rate (dated Nov 6), and the Bitcoin price itself added only -0.9 bps.
No exchange paid above the world. CoinTR was the dearest at -3.7 bps, Bybit TR the cheapest at -20.8 bps. This is a price gap, not a trade anyone can lock in.
The gap is almost all currency. Tether against the lira traded -7.7 bps under the official USD/TRY rate (dated Nov 6), and the Bitcoin price itself added only -0.9 bps.
No exchange paid above the world. CoinTR was the dearest at -3.7 bps, Bybit TR the cheapest at -20.8 bps. This is a price gap, not a trade anyone can lock in.
