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Turkey's Crypto Milestone: Garanti BBVA Launches Bitcoin and Crypto Trading Services

by aria-crypto.com

January 4, 2025 at 13:45

Turkey's Crypto Milestone: Garanti BBVA Launches Bitcoin and Crypto Trading Services

Garanti BBVA, Turkey's fifth-largest bank, has unveiled Garanti BBVA Kripto, a new platform enabling legal cryptocurrency trading for its customers. This move comes at a time when cryptocurrency adoption is surging globally, with Turkey ranked as the third-largest market for crypto usage. The bank has partnered with the Spanish crypto exchange, Bit2me, to facilitate trading executions, leveraging the European Union's Markets in Crypto-Assets (MiCA) regulation. MiCA, effective from December 30, 2024, provides a solid legal framework that boosts confidence among traditional financial institutions to engage with digital assets. Bit2me's leadership, including CEO Leif Ferreira and CSO Abel Peña, emphasizes that the collaboration with financial institutions like Garanti BBVA is crucial for mainstreaming cryptocurrency access and ensuring its growth. This development is part of a broader trend where European banks are increasingly providing crypto services, influenced by regulatory clarity and growing market demand. Garanti BBVA's initiative is expected to pave the way for more secure and regulated digital asset management for millions of retail crypto users across Europe.

Disclaimer

This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

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