Turkish Banks Can’t Remain Indifferent to Cryptocurrencies! Yapı Kredi Makes Major Cryptocurrency Move!

As the adoption of Bitcoin and altcoins continues to grow at a rapid pace, Türkiye cannot remain indifferent to this development.

At this point, the final move came from Koç Holding.

Koç Holding, which has attracted attention with its technology investments in recent years, has now turned its attention to the cryptocurrency sector. Yapı Kredi, a Koç Holding subsidiary, announced plans to establish a cryptocurrency trading platform.

Yapı Kredi announced in its notification to the Public Disclosure Platform (KAP) that it will increase capital to establish a new crypto asset platform.

In a statement made to the Public Disclosure Platform (KAP), it was reported that the cryptocurrency trading platform is planned to be established within Yapı Kredi Financial Technologies Inc. after obtaining the necessary permits, and that a total capital increase of up to 1 billion 185 million TL will be made.

The statement included the following statements:

The Bank’s Board of Directors plans to establish a company, under the ownership of Yapı Kredi Finansal Teknolojiler A.Ş. (which is fully owned by our Bank), to operate a crypto asset trading platform, subject to obtaining the necessary permits. In order to meet the capital needs of this envisioned company, it has been decided that our Bank will participate in capital increases of Yapı Kredi Finansal Teknolojiler A.Ş. up to a total of TL 1,185,000,000, to be made by March 26, 2026, and that the General Directorate will be authorized to carry out all necessary applications and transactions. Important developments regarding the process will be shared with our investors.

*This is not investment advice.