Announced! Turkey’s Leading Bank Enters the Crypto Money Field

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Garanti BBVA, one of the leading banks in Turkey, has announced its entry into the cryptocurrency space with plans to start cryptocurrency Trading through its platform in 2024. The announcement was made by Garanti BBVA Digital Assets Product Manager Barış Özuş during the Istanbul Blockchain Week event.

Garanti BBVA is no stranger to digital assets and has been steadily involved in the cryptocurrency Market. The bank aims to prioritize Security and accessibility in its cryptocurrency services. Currently, the service is only accessible to internal staff, and a dedicated team is being set up to ensure a smooth process. The bank is focused on learning and rigorous testing to improve its services.

While an exact launch date for the cryptocurrency trading service has not been specified, the bank plans to gradually expand access to employees within the organization and eventually to a wider audience. The trading feature is expected to launch within the next year.

Currently, Garanti BBVA offers Bitcoin (BTC) and Ethereum (ETH) trading, and there are plans to include USDC. Each cryptocurrency has been thoroughly evaluated by the bank’s expert team, and continuous improvement is a priority. The bank aims to offer its full trading service within the next year.

Garanti BBVA’s move towards cryptocurrency trading reflects the evolving landscape of the financial sector as traditional institutions increasingly interact with the digital asset space. This Development also invalidates the idea that the need for banks will disappear with the rise of cryptocurrencies.

In conclusion, Garanti BBVA’s entry into the cryptocurrency space is an exciting development in the world of crypto money. The bank’s focus on security and accessibility, along with its plans to expand its offerings, showcases its commitment to staying relevant in the evolving financial landscape..

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