KuCoin TR, a collaborative partner of KuCoin in Turkey, has submitted an application to the Turkey Capital Markets Board (SPK) for licensing as a Crypto Asset Service Provider. This application positions KuCoin TR among the operators in the country's evolving crypto ecosystem.
KuCoin TR’s Strategy in Turkey
Since launching its localized platform in 2024, KuCoin TR has rapidly evolved to serve Turkey's vibrant crypto community. The platform has introduced enhanced features for Turkey users, including improved fiat on-ramps with TRY trading pairs, faster deposits and withdrawals, and user-friendly features that make crypto assets more accessible for everyday transactions.
Turkey’s Crypto Regulatory Environment
Turkey's regulatory framework has significantly advanced to balance innovation with investor protection. Updates under the Capital Markets Law have defined crypto assets and established SPK's oversight, leading to alignment with new secondary regulations introduced in March 2025, enforcing capital reserve requirements and anti-money laundering rules, thus creating a secure environment for crypto users.
Statements from KuCoin Management
Tony Ruan, General Manager of KuCoin TR, stated: "Submitting our application to SPK is a natural extension of our global strategy to proactively meet local requirements. We are excited to grow alongside this market, ensuring security, transparency, and accessibility for all users." BC Wong, CEO of KuCoin, added: "Our commitment to compliance has always been at the core of our strategy, and each milestone reflects our dedication to building a secure and transparent trading environment."
KuCoin TR is poised to contribute to a more regulated and inclusive crypto future in Turkey. By upholding high standards of security and compliance, the platform invites all to participate in creating an innovative ecosystem.
