Turkey’s First Stable Crypto Asset Company Established Its Own Stock Exchange ‘BiLira Crypto’

The clarification of the legal framework for crypto asset service providers in Turkey continues to create space for new players in the market.

With the capital market regulation published in the Official Gazette in July, a license requirement from the Capital Markets Board (CMB) was introduced for crypto asset service providers. The disappearance of uncertainties was reflected in an increase in the number of domestic players who completed their preparations for compliance with the regulations.

BiLira, which has been operating since 2019 and is one of the important stakeholders in Turkey’s blockchain ecosystem, is among the first companies to apply to the CMB. BiLira is starting a new era by offering users the innovative cryptocurrency exchange BiLira Krypto, the beta version of which was launched at the end of June.

BiLira announced that it added a cryptocurrency exchange to its product portfolio by launching the beta version at the end of June.

We will always prioritize users’ benefits

Stating that they aim to strengthen their leading position in the industry by always prioritizing the benefits of users, BiLira Co-Founder and CEO Sinan Koç said, “As Turkey’s leading crypto asset service provider, BiLira, we aim to eliminate the deficiencies in the market and make cryptocurrency buying and selling easier, more reliable and fair.” We developed BiLira Crypto for the purpose of bringing BiLira Crypto, where investors can find the newest crypto currencies that are not available in Turkey at the best prices, will also be the exchange with the deepest liquidity of USDC. “We will always prioritize the benefits of users by offering various opportunities with the reward center,” he said.

5 thousand TRYB for 3 people special for the launch

It received investments from Circle Ventures, the venture capital fund of Circle, the developer of USDC, the second largest stable cryptocurrency indexed to the US dollar, as well as world-renowned venture capitalists such as Ava Labs, 21 Shares, Finberg and Delta Blockchain Fund, and increased its valuation to 125 percent in the last investment round. Bringing it to millions of dollars, BiLira celebrates BiLira Crypto with a special launch prize pool and events.

In addition to the 5 thousand TRYB prize that will be given to three users in the competition that will be held specifically for the launch, those who are successful in the trading competition will also be entitled to receive various awards. Additionally, BiLira Crypto will offer various opportunities according to usage intensity through the Reward Center.

Pointing out that the main goal of BiLira Crypto is to offer the best prices and lowest transaction fees to its users and thus to create more investment opportunities for its users, Sinan Koç said, “BiLira Crypto is the most up-to-date crypto with high potential as well as low transaction fees and deep liquidity.” It is an ambitious platform for trading assets. “By growing among the domestic players of the market in a short time, we will take the crypto adaptation to the next level in our country, which ranks first in Europe and fourth in the world in terms of cryptocurrency ownership,” he said.

Special campaign news for the launch

BiLira Co-Founder and CEO Sinan Koç said that, as a company that developed Turkey’s well-established and first stable cryptocurrency, they expect to reach a strong community in a short time with BiLira Crypto, and concluded his evaluations with the following statements: “Our newly registered users in our beta process are the first They experienced BiLira Crypto without paying any fees for buying and selling transactions within 24 hours. We are happy to be able to develop a product that combines the best prices and new opportunities and that we will eventually want to use with peace of mind. In order to grow this community even faster, we are also launching a special campaign for the launch. We will share the details of our launch campaign in the future. “A new era begins in the crypto world in Turkey.”