Yapı Kredi Bank, one of Turkey's largest financial institutions, has announced the launch of a cryptocurrency trading platform. This decision comes amid historic growth in Bitcoin prices.
Overview of Yapı Kredi's Cryptocurrency Services
On April 30, several customers of Yapı Kredi Bank received a survey regarding cryptocurrency services, marking the beginning of changes in the bank's approach to crypto. With Bitcoin reaching the record price of $116,868, the bank confirmed the introduction of its services in this area.
Opening of the Cryptocurrency Exchange
As a subsidiary of Turkey's largest conglomerate, Koç Holding, Yapı Kredi announced the establishment of a new company to engage in cryptocurrency trading. This specialized entity, named Yapı Kredi Financial Technologies A.Ş., aims to raise capital of up to 1,185,000,000 TL by March 26, 2026. The bank has confirmed that all necessary regulatory procedures will be initiated.
The Cryptocurrency Market and Its Future in Turkey
In addition to Yapı Kredi, other banks have started offering cryptocurrency products, signaling a new era for investors in Turkey. Clients can now safely purchase cryptocurrencies through their financial institutions.
The launch of the cryptocurrency platform by Yapı Kredi underscores the growing interest of traditional financial institutions in cryptocurrencies in Turkey. This can positively impact the overall state of the crypto market in the country.
