Turkish Banks Cannot Remain Indifferent to Cryptocurrencies! A Major Crypto Move has Come from Yapı Kredi!

As the adoption of Bitcoin and altcoins continues to grow at a rapid pace, Turkey cannot remain indifferent to this development.

At this point, the last move came from Koç Holding.

In recent years, Koç Holding, which has attracted attention with its technology investments, has now turned its eyes to the cryptocurrency sector. In this regard, Yapı Kredi, one of the subsidiaries of Koç Holding, announced that it plans to establish a cryptocurrency trading platform.

Yapı Kredi stated in its notification to the Public Disclosure Platform (KAP) that it will undertake a capital increase to establish a new cryptocurrency platform.

In the statement made to KAP, it was reported that the cryptocurrency trading platform is planned to be established within Yapı Kredi Financial Technologies Inc. with the necessary permissions obtained, and a capital increase of up to 1 billion 185 million TL will be made.

The statement included the following expressions:

"The Bank's Board of Directors plans to establish a company to engage in cryptocurrency trading platform activities under Yapı Kredi Financial Technologies Inc., which is fully owned by our Bank, provided that the necessary permits are obtained. In order to meet the capital needs of the company to be established, it has been decided that our Bank will participate in the capital increases of Yapı Kredi Financial Technologies Inc. up to a total amount of 1,185,000,000 TL, which will be made until March 26, 2026, and to authorize the General Directorate to carry out all necessary applications and procedures. Important developments regarding the process will be shared with our investors."