KuCoin TR, the Turkish subsidiary of the global cryptocurrency exchange KuCoin, has submitted an application for licensing in Turkey, advancing its commitment to local regulatory compliance.
Details of the Licensing Application
KuCoin TR has submitted its application to the Capital Markets Board of Turkey (SPK) for authorization as a Crypto Asset Service Provider. This positions KuCoin TR alongside other significant platforms, such as Binance TR and Bybit TR, showcasing Turkey's commitment to formalizing its crypto ecosystem.
Evolution of KuCoin TR since 2024
Since its launch in 2024, KuCoin TR has significantly enhanced its services to cater to the needs of Turkish users. In September, targeted updates were introduced to improve user experience, including simplified fiat operations and faster transactions. Strengthening the local management team and engaging with regulators have been key aspects of their development.
Crypto Market in Turkey and Regulations
Since 2024, legislation in Turkey regarding cryptocurrencies has significantly evolved, ensuring a balance between innovation and investor protection. These changes are confirmed by amendments to the Capital Markets Law and the introduction of secondary regulations in 2025. Transition periods mandate full licensing by June 2026, helping to create a secure environment for institutional investment.
KuCoin TR continues to develop its presence in the Turkish market, striving to meet local requirements while providing users with safe and transparent services.
