ARIA | News

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.

>> South Korea's Jeju Island Innovates Tourism with NFT-Integrated Strategy

Jeju Island, located in South Korea, is set to revolutionize its tourism industry by introducing NFT-powered visitor cards in 2025 aimed at attracting younger, technology-savvy tourists. This initiative is a pa...

5 hours ago

>> Bitcoin and Microsoft: A Strategic Decision for Stability

Microsoft's recent decision to avoid adding Bitcoin to its balance sheet might well prove to be a prudent move. This action aligns with the company's broader strategy of maintaining financial stability and avoi...

10 hours ago

>> IRS and Crypto Regulations: Navigating Tax Relief and Quantum Concerns

The IRS has announced a significant temporary tax relief for cryptocurrency holders on centralized exchanges, set to take effect in 2025, signaling a possible shift towards more crypto-friendly fiscal policies....

13 hours ago

>> MicroStrategy's $2 Billion Bitcoin Investment Plan: A Strategic Move for 2025

Enterprise software company MicroStrategy has announced plans to raise up to $2 billion in the first quarter of 2025 to invest in Bitcoin, reinforcing its status as the largest corporate holder of the cryptocur...

14 hours ago

>> SEC vs Ripple Update: Critical Developments in the Landmark Crypto Case

John Deaton, a pro-XRP lawyer, has committed to leading an unpaid investigation into "Operation Choke Point 2.0," targeting alleged unfair restrictions on crypto firms by traditional banks. He highlights the si...

18 hours ago

>> US Crypto Movement Strengthens with Mike Johnson's Re-election and Pro-Crypto Congress

Republican and crypto advocate Mike Johnson has narrowly won the Speaker position in the US House, securing 218 votes against 215, amidst challenges from anti-crypto rivals. This victory is significant for the ...

a day ago

>> South African Authority Highlights Bitcoin's Role in Terror Funding

A recent arrest in Johannesburg by South African law enforcement points to the growing concern over the use of cryptocurrencies like Bitcoin in illegal activities. A 35-year-old man has been apprehended on susp...

2 days ago

>> Binance Secures Pioneering Broker-Dealer License from Brazil's Central Bank, Expanding Influence in South America

Binance, the world’s leading cryptocurrency exchange by volume, has been granted a broker-dealer license in Brazil, marking a significant regulatory milestone. This approval from the Central Bank of Brazil foll...

2 days ago

>> China's Strategic Moves Fuel Bitcoin's Ascent Toward $100,000

The price of Bitcoin is on the rise, edging closer to the $100,000 mark, largely driven by a wave of institutional interest and geopolitical developments. Bill Miller IV of Miller Value Partners attributes this...

2 days ago

>> MicroStrategy Expands into Diverse Crypto Holdings: Bitcoin, Dogecoin, and Solana in Focus

MicroStrategy, renowned for its extensive Bitcoin reserves, is pioneering a shift in its strategic direction by embracing a broader range of cryptocurrencies including Dogecoin and Solana. The company, often te...

2 days ago

All the latest crypto news in one place

Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.

Launch Terminal