In this day and age, crypto companies are becoming increasingly commonplace and for good reason. Not only have rising inflation rates and excessively high prices resulted in a need for an alternative source of payments and asset storage, but rapid advancements in technological practices are quickly leading the world into the seemingly inevitable Web3 era.

With that in mind, CoinTR, a leading cryptocurrency exchange, celebrated its two-year journey in Istanbul not too long ago. The gathering highlighted CoinTR’s commitment to reshaping Türkiye’s digital financial landscape, focusing on efficiency and accessibility. Many notable attendees were present, including those from the Ministry of Finance, the Central Bank, and the Turkish Presidency. 

Chairman of the President’s Investment Office, Burak Dağlıoğlu, also attended the event and listened to a special report on the construction of Turkey’s blockchain-based digital financial infrastructure.

What makes this country and CoinTR unique?

Despite a tumultuous past involving several socio-political issues, Türkiye has nevertheless managed to establish itself as a major player in the global cryptocurrency market, ranking among the top Fourthree countries in terms of trading volume. In a 12-month period, digital asset usage in the country surpassed $160 billion, accounting for 18% of GDP and 25% of foreign trade volume.

Still, some key challenges still persist in the nation even today, as despite the aforementioned impressive figures, nearly all of the digital asset usage in Türkiye occurs on offshore platforms due to local infrastructure deficiencies. This exposes both the assets and the citizens who hold them to risk in the absence of national regulatory protection.

CoinTR is a global crypto exchange with its headquarters situated in Istanbul, Türkiye. It boasts a user base exceeding one million individuals, engaging in daily trading activities that contribute to a substantial volume of $300 million. The platform has curated a security team for its wallet operations, drawing talent from three prominent global exchanges, including former vice presidents from Huobi. The team comprises over 100 experts in product and technology, with a noteworthy 80% possessing more than three years of experience in the top echelons of the exchange industry worldwide.

Leveraging cutting-edge global product technology, CoinTR has been operational for eight years without a hitch, maintaining an unparalleled security record in the industry and overseeing assets totaling $50 billion. The team’s track record includes developing and sustaining the world’s most extensive exchange systems. Additionally, the technology team actively participated in the development and deployment of licensed exchange products and systems in Japan, secured a trust license in Hong Kong, and established asset management and wallet systems.

Is there a solution?

In order to remedy the situation, CoinTR aims to provide a solution based on blockchain technology, one that is also highly resistant to malicious entities by employing reliable security measures. Although the exchange has its headquarters in Istanbul, this solution will be globally oriented, and provide a strong basis for securing Türkiye’s digital financial infrastructure. The goal is to host digital assets securely within Türkiye, attracting global assets to promote economic development.

Since 2022, CoinTR has developed secure trading, asset custody, and application layer systems with near perfect service availability and daily trading volumes reaching $300 million. Till date, CoinTR has partnered with global security companies and gained support from five financial regulatory bodies in October 2023, emphasizing regulatory compliance during a time where crypto-based scrutiny still very much exists.

In the future, CoinTR plans to build a digital asset custody system, alliance chain, trade alliance, and stablecoin acceptance, providing users with secure asset custody and digital financial services. In terms of digital updates, the exchange has significant partnerships with Certik, Solwmist, and Sansec to assist the country’s financial system. CoinTR also ensures strong security measures, a high-quality trading system that everyone can benefit from, and is audited by Hacken.

CEO Ali Eselioglu believes that the importance of what CoinTR is doing cannot be understated, as it could very well end up revolutionizing the entire country as far as long-term technological and financial success is concerned.

For more information and regular updates, visit CoinTR’s official website and the Instagram, Telegram, YouTube, Medium, and X channels.