User Transitions from Bitget Turkey to CoinTR Will Be Completed by September 30

The Bitget Turkey acquisition, which was first shared on August 16, 2024 by CoinTR, a local cryptocurrency exchange preparing to celebrate its third anniversary, has come to an end. In the statement titled Bitget Turkey to CoinTR Transition Announcement made by CoinTR, it was reminded that all shares of the company operating under the trade name Bitget Technology Inc. and the Bitget Turkey brand were purchased by METX Digital Information Technology Inc., known under the CoinTR brand name. While it was stated that Bitget Turkey will cease its activities as of September 30, 2024, it was emphasized that users who wish can successfully continue their transactions with a smooth transition process by transferring all of their balances in their Bitget Turkey accounts to CoinTR.

Sharing his assessments regarding the acquisition and transition process planned to be completed by the end of this month, CoinTR CEO Ali Eşelioğlu said, “CoinTR’s acquisition of Bitget Turkey is one of the latest strategic steps in the Turkish crypto market. As CoinTR prepares for its new age, it expands its user base with this acquisition. The Bitget Turkey acquisition emphasizes CoinTR’s commitment to the ecosystem as it prepares for a new period of growth.”

The transfer and transition application was put into effect on September 21

In the statement made on the CoinTR website, it was stated that the necessary work for fast, easy, secure and trouble-free account transfers was continuing, that this service was put into operation on September 21, and that additional information was provided on the date the account transfer feature was activated.

Stating that they are working to design a flawless transition process as much as possible, Ali Eşelioğlu said, “We are working meticulously so that our users can switch to CoinTR as quickly as possible, safely, and by accessing our support services at any time. With the activation of our account transfer feature, Bitget Turkey users are switching to CoinTR and starting to benefit from our platform’s extensive trading features, deep liquidity and narrow spread advantage, and user-friendly interface. Users who complete the transfer process will continue their crypto transactions as users of CoinTR, which follows global technology standards in terms of compliance and security, is audited by MASAK, and is included in the List of Active Users of the Capital Markets Board (SPK) by making the necessary applications for a crypto asset service provider license.”

Emphasizing that the Bitget Turkey acquisition is a very important strategic step for CoinTR, CoinTR CEO Ali Eşelioğlu said, “In this context, we attach great importance to Bitget Turkey users continuing their crypto investment adventures as CoinTR users after September 30. We will define incentives for users who transfer their accounts to CoinTR. We see these incentives as a symbol of the value we give to the community and our sensitivity to the well-being of our users. With the contribution of our community and our users; our senior management, including our former Deputy Minister of Treasury and Finance Şakir Ercan GÜL, each of whom has many years of experience in traditional finance and bureaucracy, we are working with the aim of becoming one of the most important stakeholders of the ecosystem in the growth and expansion period that will begin following the clarification of the regulatory framework, with the investments we make in the Turkish crypto ecosystem, especially Bitget Turkey.”

A new era will begin in crypto

Emphasizing that CoinTR has been working to build a common ground for the further development of the ecosystem in Turkey for over two years, Ali Eşelioğlu concluded his evaluations with the following statements:

“By developing relationships with academia, civil society, bureaucracy, regulatory bodies, crypto communities and many more, we have laid the solid foundations of CoinTR’s growth journey that will never slow down over a period of more than two years. The Bitget Turkey acquisition was also an important step in this process. We will start a new era in crypto together with our strong brand identity, our platform that expands with new products and services day by day and offers the opportunity to trade with Turkish Lira in dozens of cryptocurrencies at a narrow spread.”