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Experienced name of capital markets established a new cryptocurrency exchange
Experienced name of capital markets established a new cryptocurrency exchange
04.07.2024
ECONOMY
TECHNOLOGY

The positive contribution of the cryptocurrency law proposal, which was adopted and enacted in the Turkish Grand National Assembly and entered into force on 2 July, was immediately felt in the local market. The experienced name of the capital markets in the developer team of TLREF established a new cryptocurrency exchange.

TURKEY - The Law Proposal on the Amendment of the Capital Markets Law, known as the cryptocurrency law in the public, was adopted in the Turkish Grand National Assembly in the last days of June and entered into force after being published in the Official Gazette on 2 July. The positive impact of the clarification of the legal framework for cryptocurrency markets in Turkey on competition began to be felt immediately. Serhat Yıldız, an experienced name in the capital markets, who served as Borsa Istanbul Derivatives Markets Product Development Director between May 2019 and June 2021, established a new generation cryptocurrency exchange called Kuantist.

Founded by an experienced team in capital markets

Founded with the motto ‘Turkey's new generation cryptocurrency exchange’, Kuantist allows users to buy and sell Bitcoin and other crypto assets 24/7 by sending Turkish Lira through their bank accounts. The technical infrastructure and trading software of the new exchange, which is preparing to start its activities through the Kuantist mobile application, has the signature of a team of Turkish engineers with deep experience in traditional and new generation financial markets. Serhat Yıldız, Founder and CEO of Kuantist, is known to have played an active role in the realisation of many important projects such as the Turkish Lira Reference Rate (TLREF), BIST Currency Swap Market, BIST Precious Metals Swap Market during his tenure as Derivatives Markets Product Development Director at Borsa Istanbul, and also undertook treasury and investment consultancy duties at major banks and brokerage houses in Turkey.

Emphasising that Kuantist is a platform that provides high liquidity in Turkish Lira trading pairs and offers a secure trading environment as a crypto asset service provider whose boundaries are drawn within the legal framework, Serhat Yıldız, CEO of Kuantist, said: ‘We summarise the main purpose of Kuantist as providing benefits to its users with R&D activities centred on the blockchain. In this context, as Kuantist, we continue our blockchain-focused research and development activities in order to contribute to the development of the financial architecture of our country."

‘We are ready for regulation with our technical infrastructure and expert staff’

Sharing his evaluations on the enacted cryptocurrency law, Serhat Yıldız said, ‘We believe that the regulation will increase the potential of Turkey, which is already one of the leading countries in the region in terms of crypto adoption, to lead the developments in the field of crypto assets and improve the user experience by supporting competition in the local market. In order to fully comply with the regulation and become one of the pioneers of this growing market, we are maximising our product quality while collaborating with leading organisations both locally and globally. For crypto asset custody services, we work with Fireblocks, certified by cyber security organisations. On the other hand, we cooperate with Arvis Technology, one of Turkey's leading technology companies, in the fields of identity verification, biometric recognition, remote customer acquisition (KYC) and liveness detection, which are important within the framework of regulations. With the internal policies we have established, we have ensured that the individual licensing processes of our teammates working in all relevant units of Kuantist are completed in line with the Capital Markets licensing procedure. We are ready for all the requirements of the crypto law with our technical infrastructure and expert staff."

‘We will transform into a financial services group in the second half of 2025’

Stating that they are preparing to announce their new financial products for crypto investors in Turkey in September, Kuantist Founder and CEO Serhat Yıldız concluded his evaluations with the following statements: "Kuantist will not only remain as a cryptocurrency exchange, contributing to the widespread adoption of cryptocurrency markets in Turkey, will be a stakeholder that supports blockchain development processes with R&D studies. 
We are working to transform Kuantist into a financial services group in the second half of 2025. For this purpose, we will continue to meet and work with the most valuable professionals of the industry and continue to put making the lives of our users easier at the centre.

Contact: Tülay Genç | [email protected] | +31 30 799 6022

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