Garanti BBVA Crypto Partners with Bitstamp for Cryptocurrency Trading Services
Foreks - Garanti BBVA, a subsidiary of Garanti BBVA (BME:BBVA), is continuously improving the services it offers to its customers in the cryptocurrency sector. Recently, it formed a partnership with Bitstamp, the world's longest-serving cryptocurrency exchange, as its first liquidity provider. This collaboration allows customers to trade in multiple currencies. Additionally, it contributes to the accessibility and adoption of cryptocurrencies in Turkey by enabling traditional market participants, as well as investors in the cryptocurrency ecosystem, to trade on a curated selection of approved digital assets.
Speaking about the collaboration, Korcan Abalı, General Manager of Garanti BBVA Kripto, stated, “As Garanti BBVA Kripto, we started offering services in the cryptocurrency space to our customers in 2023. While the legal framework for digital assets is being shaped in Turkey, we aim to provide the best digital asset services as one of the market leaders and to lead the healthy growth of the digital asset sector in compliance with regulations. In doing so, we evaluate the values of our partners in terms of service level and regulatory compliance. Since our establishment, we have been implementing an exchange collaboration business model aimed at liquidity sharing with Bitstamp. We are pleased with our collaboration aimed at providing liquidity to our customers, given Bitstamp’s regulated status and its extensive experience in the cryptocurrency markets. Through this partnership, our crypto customers have the opportunity to experience digital asset services at a bank-level standard.”
Jean-Baptiste Graftieaux, Global CEO of Bitstamp, remarked: “As the sector in Turkey continues to progress towards mainstream adoption through improvements in transparency, security, and customer protection, this collaboration represents an exciting next step in making crypto more accessible to everyone. We are proud to be the first cryptocurrency exchange selected to partner with Garanti BBVA Kripto, one of the leading institutions in the sector, and to have been actively working with them in cryptocurrency trading since their inception. We look forward to working even more closely together to make the adoption of digital assets mainstream.”