Dear clients,

Starting around 7:00 GMT on Wednesday, March 19, 2025, the Turkish lira market has become highly unstable, increasing the likelihood of spreads temporarily widening significantly.

We apologize for any inconvenience this may have caused and may cause in the future.

Please find the details as follows.

Occurrence:
Starting around 7:00 GMT on Wednesday, March 19, 2025

Service affected:
Turkish lira pairs (USDTRY, TRYJPY) are likely to experience sharp price fluctuations and significant spread widening.

Cause:
Ongoing political instability in Turkey, particularly the detention of Istanbul Mayor Ekrem İmamoğlu, has led to a sharp depreciation of the Turkish lira on March 19. As a result, the Turkish lira market has become highly unstable.

Recommended actions:
It is expected to take some time to regain stability in the market. Please take any necessary actions to address the potential impact on your trades and positions.

We sincerely apologize for any inconvenience this may cause. If you have any questions, please feel free to contact our customer support.