Turkey Embraces Bitcoin: Garanti BBVA Kripto Partners Bitstamp to Boost Crypto Accessibility
by aria-crypto.com
January 7, 2025 at 20:37
Turkey Embraces Bitcoin: Garanti BBVA Kripto Partners Bitstamp to Boost Crypto Accessibility
Garanti BBVA Kripto, a subsidiary of Garanti BBVA, one of Turkey's leading banks, has partnered with Luxembourg-based Bitstamp to launch crypto trading services for its Turkish customers.
This marks the first liquidity provider partnership for Garanti BBVA Kripto since its inception in May 2023, appointing Bitstamp as the main source of liquidity.
Bitstamp will provide its Bitstamp-as-a-Service solution to enable a comprehensive suite of digital assets, promoting integration between traditional banking and the growing crypto sector in Turkey.
Bitstamp's commitment to regulatory standards and its global licensing prowess is set to meet increasing demands for secure and regulated crypto services in Turkey.
Korcan Abalı, CEO of Garanti BBVA Kripto, emphasized that Bitstamp's regulatory expertise and market experience are crucial for offering secure and superior crypto services in Turkey.
Jean-Baptiste Graftieaux, Global CEO of Bitstamp, views the partnership as a significant move towards mainstream adoption of cryptocurrencies, enhancing consumer protection and transparency.
The collaboration reflects a broader trend of traditional financial institutions engaging with established crypto exchanges to navigate the digital asset space securely.
As Turkey aims to become a significant player in the global crypto market, this partnership is poised to cater to the rising demand for secure and compliant trading platforms.
The alliance is expected to accelerate the adoption of digital assets, benefiting from Turkey's evolving legal frameworks and increasing investor interest in cryptocurrencies.
This strategic partnership underscores a step forward in bridging the gap between conventional financial services and the cryptocurrency ecosystem, fostering growth and innovation within Turkey's financial landscape.
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