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Binance Turkey increased its paid-up capital to 400 million TL.

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Binance Turkey increased its paid-up capital to 400 million TL.

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Binance Türkiye increased its paid-up capital to 400 million TL, which is 8 times the minimum capital requirement. According to the regulatory decisions published by the Capital Markets Board (CMB) on August 8, 2024, crypto asset platforms must have a minimum capital of 50 million TL, this amount must be fully paid in cash and their equity capital It should not fall below that. This capital increase by Binance Turkey further reinforces the platform’s financial strength and trusted position in the industry.

Founded in Turkey in 2020 with Binance’s customer-centric approach and mission to increase financial freedom, Binance Turkey attracts attention with its international success, although it is a local platform that only serves users in Turkey. Serves Binance Türkiye, which was ranked 50th in CoinMarketCap’s ranking in 2023, rose to 14th this year and became the local exchange with the highest score worldwide. This success shows that Binance Turkey is an effective player in the global crypto market and maintains its leading position in the Turkish market.

Mücahit Dönmez, general manager of Binance Türkiye, said in a statement: “Turkey is a fast-growing hub in the crypto ecosystem. The safety and satisfaction of our customers is our top priority. Our capital increase reflects this commitment.” Reflecting.” Dönmez also said, “As we work resolutely towards our goal of complying with the published regulations in 2024, we will continue to offer a safe and accessible experience to our customers in Turkey. “They said.

Binance Turkey facilitates user transactions by offering crypto users in Turkey the widest selection of Turkish Lira trading pairs in the market, with over 200 different Turkish Lira trading pairs. The platform, which offers 24/7 Turkish Lira deposit and withdrawal opportunities in collaboration with 7 different banks, also offers its users a secure experience with ISO 27001 and ISO 27701 certificates received in 2023.

This capital increase by Binance Turkey is considered an important step towards supporting the crypto ecosystem in Turkey and providing a service that complies with the law, with the aim of further strengthening its technology and security investments. is

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