It was towards the end of November this year at Istanbul’s esteemed MANDARIN Hotel that CoinTR, one of the most recognizable cryptocurrency exchanges in the world, commemorated its successful two year anniversary. CoinTR was founded all the way back in 2022, and has achieved many milestones since then in addition to having ambitious plans for the future.
The event, known as the ‘Empowering Finance & Enabling Wealth Liberation’, recognized the burgeoning influence of cryptographic advancements in Türkiye. It emphasized the establishment of a blockchain-based digital fiscal structure to improve the local digital scene and contemporize conventional diligence.
What makes CoinTR special?
Since its establishment in 2022, CoinTR has developed a comprehensive set of digital financial infrastructure solutions, including three main systems: digital asset trading system, digital asset custody system, and application layer system. CoinTR has a top-notch secure trading system, which has undergone blockchain security audits by Hacken As of now, CoinTR has accumulated over 1 million users, with a daily trading volume of $300 million. CoinTR has assembled a wallet security team from three of the world’s largest exchanges, including former vice presidents of Huobi, and over 100 product and technology experts, with approximately 80% of the staff having over three years of experience in the world’s leading exchange industry. With leading global product technology, CoinTR has been operating flawlessly for eight years, maintaining the highest security record in the industry and managing assets valued at $50 billion. The team has previously developed and maintained the world’s largest exchange systems, with the technology team participating in the development and deployment of licensed exchange products and systems in Japan, as well as obtaining a trust license in Hong Kong and establishing asset management and wallet systems.
In October of this year, CoinTR also attracted five high-level officials from financial regulatory bodies, including the former Deputy Minister of Finance of Turkey, the Deputy Director of the Market Department at the Central Bank of Turkey, the Chief Advisor to the Central Bank of Turkey, the Deputy Governor of the Central Bank of Turkey, and the heads of the Banking Regulation and Supervision Agency and the Licensing and Permit Office.
Did many people attend the event?
Unsurprisingly, over 500 people were able to attend the event, which also included top names from key local institutions like the Central Bank, Finance Ministry, and even the Turkish Presidency itself. The Chairman of the President’s Investment Office, Burak Dağlıoğlu, and his delegation were also present as guests noticed them engaging in a special deliberation on the development of the domestic blockchain- grounded fiscal frame.
In essence, CoinTR aims to revolutionize Türkiye by constructing an efficient, blockchain-based, global digital financial infrastructure. In addition, the exchange has important partnerships with Certik, Solwmist, and Sansec to assist the country’s financial system as far as digital updates are concerned. CoinTR also ensures robust security measures, boasting a high-quality trading system from which everyone can benefit, with over 1 million users and a daily trading volume of $300 million.
What partnerships does CoinTR have?
CoinTR has formed strategic alliances with leading global security firms Certik, Solwmist, and Sansec.CoinTR intends to use this digital financial infrastructure solution to help Türkiye’s traditional financial system finish digital financial upgrades and build a national blockchain infrastructure.
Last month, CoinTR also attracted senior executives from five monetary regulatory bodies, such as the Central Bank of Türkiye, the Ministry of Finance and Financial Inspection, as well as the Banking Regulation and Supervision Agency.
Previously, CoinTR had successfully built and operated the world’s largest exchange systems, with the technology team taking part in the creation and implementation of licensed exchange systems and products in Japan, in addition to acquiring a trust license in Hong Kong and setting up asset management and wallet systems.
What did CoinTR’s CEO have to say?
CoinTR CEO Ali Eselioglu talked about the digital fiscal structure that the exchange has alongside its vision for the future, which involved CoinTR trying to help Istanbul become a global trade hub for a variety of digital assets and services. This shouldn’t come as a surprise, since Türkiye has slowly garnered a substantial crypto adoption rate amongst its denizens.
In his public address, he stressed, “As we come to terms with the sheer potential of the current transformative technological period in which we find ourselves, this nation is presented with both openings and pitfalls and, by setting up a safe, dependable, and effective system, we can effectively support traditional finance and empower palpable businesses which also mitigates fiscal problems while protecting local investors”.
In terms of other products and offerings, CoinTR’s digital asset custody system is currently under development, with five products in the pipeline: wallet custody, wallet payment, alliance chain, trade alliance, and stablecoin acceptance. The goal is to offer users extremely secure encrypted asset custody as well as digital financial services such as encrypted payments. The application layer system is intended to eliminate constraints between traditional finance and cryptographic finance, to connect the physical and digital worlds, and to support international payments for bonds, stocks, encrypted banks, STO, lira stablecoins, and gold stablecoins.