BBVA Kripto and Bitstamp guarantee: a strategic partnership to democratize cryptocurrency in Turkey

Guaranteed BBVA Kripto partner with Bitstamp to offer secure and compliant crypto trading services in Turkey. This strategic partnership integrates Bitstamp as a primary liquidity provider, enhancing access to digital assets. It illustrates the alliance between traditional banks and crypto platforms for sustainable and regulated adoption.

FACTS

• Guaranteed BBVA Kripto, a subsidiary of Guaranteed BBVA and a pioneer in the digital asset sector in Turkey, today announced a strategic partnership with Bitstamp, the oldest cryptocurrency trading platform in the world.
• This collaboration will enable the bank's customers to conduct transactions on an approved selection of digital assets.
• This partnership marks a first for Guaranteed BBVA Kripto by integrating a liquidity provider such as Bitstamp into its trading model.
• Bitstamp, recognized for its safety and regulatory compliance, provides solid expertise with over 50 licences and registrations obtained from global financial organizations.
• As a primary liquidity provider, Bitstamp-as-a-Service will allow BBVA Kripto's customers to benefit from seamless access to a diversified crypto ecosystem.

Korcan Abalı, CEO of Garanti BBVA Kripto, stressed the importance of this collaboration: "Since 2023, we have been offering crypto services to our customers while adapting to the evolving regulations in Turkey. By working with partners such as Bitstamp, we are committed to providing digital asset services at the level of banking quality. "

ISSUES

• Adoption of digital assets: By associating with a regulated player like Bitstamp, Guaranteed BBVA Kripto strengthens users' confidence in crypto services. This helps to democratize access to digital assets in Turkey and beyond.
• Compliance and safety: Compliance with local and international regulations is essential in a context where rules governing digital assets are evolving rapidly. This partnership positions both companies as leaders in compliance.
• Access to quality liquidity: The integration of Bitstamp as a liquidity provider ensures efficient transactions and a wide diversification of digital assets for investors.
• Leadership in a Competitive Market: As Turkey is one of the most dynamic markets for cryptocurrency, Guaranteed BBVA Kripto consolidates its position by collaborating with an established and globally respected platform.

Jean-Baptiste Graftieaux, CEO of Bitstamp, said: "This partnership is an essential step towards the adoption of cryptocurrency by the general public, promoting transparency, security and consumer protection. We are honoured to be the first crypto exchange to collaborate with a leading private bank in Turkey. "

PERSPECTIVE

• This partnership is part of a global context where cryptocurrency adoption accelerates through initiatives that promote transparency and user protection. Turkey, which is distinguished by the strong adoption of digital assets among its population, is a fertile ground for financial innovation.
• BBVA Kripto's initiative reflects this trend, while aligning with local regulatory efforts to structure this expanding sector.
• In addition, the success of traditional banking and crypto platforms partnership models could inspire other financial institutions to follow the same path. This type of collaboration becomes a benchmark to ensure a balance between innovation, security and compliance, thus contributing to the sustainable adoption of digital assets worldwide.

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