NEWSROOM

Following the rapid rise of the dollar and gold, the spread between buying and selling prices has widened in trading operations. Investors have found the solution to this spread in blockchain technology.

TURKEY — The USD/TRY exchange rate has surpassed the 23.3 level this week, continuing its upward trend, while the price of gold has climbed above 1,450 TL with the support of this rise. Emrah Karadere, Turkey Operations Manager of Block Earner, stated that this situation has led to the widening of spreads both in different sales channels and between buying and selling prices. He said, "The widening spread has directed some investors towards USD Coin (USDC), which is pegged to the dollar, and PAX Gold (PAXG), which brings gold to the blockchain. As a comprehensive next-generation financial technology platform, we also offer advantageous investment opportunities for gold and foreign currency, which are commonly preferred traditional investment instruments in our country."

24/7 trading with low spreads

The platform offers narrower spreads for the dollar and gold compared to market conditions, allowing the trading of the dollar-indexed cryptocurrency USDC and the gold-indexed cryptocurrency PAXG. In addition, regardless of whether the market is open or closed, the trading of digital assets pegged to the dollar and gold can be conducted 24/7.

Emrah Karadere emphasized that users who can securely trade even on weekends can actively benefit from market movements in real-time when the markets are closed. He stated, "PAXG, USDT, and USDC bring together dollar and gold investments with the security of the blockchain. Block Earner users, who utilize up-to-date market prices 24/7, can invest their savings in these assets, which have real-world value, without being affected by the difference between buying and selling prices."

Facilitating dollar and gold trading on the blockchain

Emrah Karadere explained that by listing USDT, USDC, and PAXG cryptocurrencies, they have brought dollar and gold investments to the blockchain and made these assets accessible through their mobile applications in the iOS and Android stores. He said, "Users who invest in these assets on the blockchain are protected from transaction fees and the storage costs of these assets. As Block Earner, we provide users with the opportunity to trade through a user-friendly interface at any time. In comparison to the volatility caused by today's economic and political environment, Block Earner offers a less volatile market. We also offer users the ability to earn savings through their USDC investments by transitioning to a DeFi account in a few simple steps. This process can be completed in 3 steps."

"We position our users as partners"

Emrah Karadere, Turkey Operations Manager of Block Earner, noted that they have launched a referral program to introduce more individual investors to digital and blockchain-based dollar and gold, and concluded his remarks as follows: "We position our users as partners and allow them to earn a commission for each new user they bring to the platform through our revenue-sharing model. Participants in the referral program can earn half of their invited friends' commissions during the first 90 days and 20% thereafter. These rewards accumulate in Bitcoin, which is the most valuable cryptocurrency in terms of market value. Additionally, investors who join the platform with a referral from a friend also earn 50 TL from their initial investment of 2,000 TL. In this way, everyone who becomes part of the Block Earner ecosystem can both utilize their individual savings on our platform and make a lifelong contribution to their portfolios."