Binance's USDT pair with Turkish lira sees largest amplitude since 2024 after key Erdogan rival detained
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Binance's USDT/TRY trading pair experienced significant volatility following the arrest of Istanbul Mayor Ekrem Imamoglu, a key political rival to President Erdogan.
March 19, 2025 | 9:45 pm
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NEUTRAL IMPACT
The arrest of Istanbul Mayor Ekrem Imamoglu, a key rival to President Erdogan, has led to increased volatility in the USDT/TRY trading pair on Binance, which may indirectly affect USDTUSD trading.
The news directly impacts the USDT/TRY pair, but USDTUSD could see indirect effects due to potential shifts in USDT demand and trading behavior influenced by geopolitical events.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50