OKX TR was the dearest of the six Turkish exchanges we track on Nov 3, and it still priced Bitcoin -8.3 bps under the global dollar price. Bybit TR was the cheapest at -36.0 bps.
The Turkey Premium Index read -0.16% (-15.5 bps), a score of 44 / 100 in the neutral regime. The 24 hour average was -18.8 bps.
Most of the gap comes from the dollar side. Tether bought with lira traded at -11.3 bps to the official USD/TRY rate, and the coin itself added -4.3 bps. It's a price gap, not a trade anyone can lock in.
The Turkey Premium Index read -0.16% (-15.5 bps), a score of 44 / 100 in the neutral regime. The 24 hour average was -18.8 bps.
Most of the gap comes from the dollar side. Tether bought with lira traded at -11.3 bps to the official USD/TRY rate, and the coin itself added -4.3 bps. It's a price gap, not a trade anyone can lock in.
