Bitlo
- Company typePrivate
- Founded2018
- HeadquartersIstanbul
- Headcount51–100
- GTM typeB2C
- OfferingSoftware
Bitlo firmographics
Firmographics- Name
- Bitlo
- Legal name
- Bitlo Kripto Varlık Alım Satım Platformu A.Ş.
- Website
- https://bitlo.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Bitlo industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)
- akta.pro secondary industry
- Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE)
Keywords
Where Bitlo is headquartered
LocationHeadquarters
- HQ city
- Istanbul
Offices1 record
Markets served
Bitlo business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Trading Commission: Transaction fees charged on cryptocurrency trades. Standard commissions apply to most pairs, with promotional 0% commission periods for specific assets (RLUSD, USDT) and user segments (under 24).
- Staking Services: Revenue generated from staking services offered on ETH, SOL, AVAX, NEAR, DOT, and TRX networks with rewards up to 5.85%.
- VIP Membership Tiers: Tiered membership levels (VIP Seviyeleri) offering differentiated benefits and fee structures for higher-volume traders.
- Corporate/OTC Services: Over-the-counter trading services for institutional and corporate clients with large-volume trading needs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | RLUSD Pairs - 0% Commission |
| Transaction based/ take rate | Pay-as-you-go | USDT Pairs - Promotional 0% |
| Transaction based/ take rate | Pay-as-you-go | Users Under 24 - Commission-Free |
| Transaction based/ take rate | Pay-as-you-go | Standard Trading Fees |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
Bitlo product offering
Product offeringCore offering
Bitlo is a Turkish cryptocurrency exchange platform that enables users to buy, sell, trade, and store 300+ digital assets using Turkish Lira (TRY) pairs. The platform offers a unified suite including easy buy/sell, advanced trading, instant convert, staking, automated recurring savings, social trading, gift cards, and OTC corporate services, serving 1+ million registered users with 150 million TL in daily average trading volume.
Product overview
Bitlo is a Türkiye-based cryptocurrency exchange platform offering a comprehensive suite of trading and investment services. The platform operates on a unified exchange architecture combining core trading products (Easy Buy/Sell, Advanced Trading, and Convert) with complementary modules including staking, regular savings, social trading, chain orders, gift cards, and corporate/OTC services. The platform supports trading of 300+ cryptocurrencies and serves over 1 million users with daily average transaction volumes of 150 million TL, operating continuously since 2018.
Differentiator
Problem solved
Functional benefit
Products and services
- Kolay Al/Sat (Easy Buy/Sell)
- Gelişmiş Al/Sat (Advanced Trading)
- Dönüştür (Convert)
- Kilitle Kazan (Staking)
- Düzenli Birikim (Regular Savings)
- Social Trading
- Hediye Kart (Gift Cards)
- Kurumsal Hesap (Corporate Accounts)
- OTC Hizmetleri (OTC Services)
- Bitlo Crypto Fund
- RLUSD Stablecoin Trading
- Bitlo Mobile App
Quantifiable outcome
- 1+ million registered users on the platform
- +4 more outcomes
Companies that use Bitlo
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles4 records
Bitlo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature5 records
Bitlo partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- RipplecoreBitlo partnered with Ripple as one of three Turkish exchange partners (along with BiLira and Bitexen) for the launch of RLUSD stablecoin in Turkey. This partnership enables Turkish users to access Ripple's USD-backed stablecoin through Bitlo's platform, with 0% commission on all RLUSD trading pairs. Turkey processes nearly $200 billion in annual digital asset transaction volume, making it the dominant crypto market in MENA.
- BiLiracoreBiLira is one of the three Turkish exchange partners for Ripple's RLUSD stablecoin launch in Turkey, alongside Bitlo and Bitexen, representing Turkey's regulated crypto ecosystem under the 2024 Capital Markets Board licensing framework.
- BitexencoreBitexen is one of the three Turkish exchange partners for Ripple's RLUSD stablecoin launch in Turkey, alongside Bitlo and BiLira, collectively serving Turkey's $200 billion annual crypto market.
- Istanbul Technical UniversityminorBitlo partnered with Istanbul Technical University for the University Blockchain Research Initiative, supporting blockchain education and research in Turkey.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Bitlo competitors and assessment
Company assessmentDirect peers
- Bitexen: Turkish cryptocurrency exchange and fellow Ripple RLUSD launch partner. Bitexen serves the same Turkish retail and institutional segments with TRY-denominated pairs and a similar multi-product platform (spot trading, staking, corporate accounts), making it the most directly comparable peer.
- BiLira: Turkish regulated crypto exchange and third Ripple RLUSD launch partner. BiLira targets the same institutional and retail segments with stablecoin-native offerings and operates under Turkey's CMB licensing framework, overlapping closely with Bitlo's value proposition.
- Paribu: One of Turkey's largest cryptocurrency exchanges serving retail Turkish Lira traders with spot trading, staking, and TRY pairs. Direct competitor with comparable customer base and product surface.
- BTCTurk: Turkey's leading crypto exchange by volume with millions of users. Competes directly with Bitlo in TRY trading pairs, staking, and crypto on/off-ramp services for Turkish retail investors.
Broad incumbents
- Binance: Global crypto exchange leader with Turkish-language support and TRY pairs. Competes broadly with Bitlo across asset breadth, liquidity depth, and fee structure, but operates at a vastly larger global scale.
- Coinbase: Largest U.S.-listed crypto exchange with institutional custody, staking, and trading. Operates as a broad incumbent competing for Turkish institutional flow and brand-conscious retail users.
- OKX: Global crypto exchange with advanced trading, staking, and copy-trading products. Provides competitive overlap with Bitlo's social trading and advanced order features for Turkish users seeking global platforms.
- KuCoin: Global crypto exchange with extensive altcoin listings and staking services. Turkish retail users frequently use KuCoin as an alternative to local exchanges, making it a meaningful broad incumbent competitor.
- eToro: Global multi-asset platform with social/copy-trading as its core differentiator. Directly comparable to Bitlo's social trading value proposition at a broader, multi-asset scale including crypto, equities, and CFDs.
- Crypto.com: Global crypto exchange and app with staking, Visa card, and tiered membership program—directly mirroring Bitlo's VIP tiered membership and staking revenue model at global scale.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Bitlo social profiles
Digital presenceBitlo compliance and trust
Trust signalCompliance1 record
Bitlo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bitlo leadership team
Management profileNumber of profiles
Profiles1 record
Bitlo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bitlo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bitlo
What does Bitlo do?
Bitlo is a Turkish cryptocurrency exchange platform that enables users to buy, sell, trade, and store 300+ digital assets using Turkish Lira (TRY) pairs. The platform offers a unified suite including easy buy/sell, advanced trading, instant convert, staking, automated recurring savings, social trading, gift cards, and OTC corporate services, serving 1+ million registered users with 150 million TL in daily average trading volume.
Is Bitlo a public or private company?
Bitlo is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Bitlo founded?
Bitlo was founded in 2018. It employs 51 to 100 people.
Where is Bitlo based?
Bitlo is headquartered in Istanbul.
How does Bitlo make money?
Four revenue lines are on record. Trading Commission is the primary driver. The others are staking Services, VIP Membership Tiers and corporate/OTC Services.
Who are Bitlo's main competitors?
Direct peers on record are Bitexen, BiLira, Paribu and BTCTurk. Broad incumbents are Binance, Coinbase, OKX, KuCoin, eToro and Crypto.com.
Does Bitlo have an API?
No public API is recorded for Bitlo.
What industry is Bitlo in?
Bitlo's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSAPAIAJ, Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails), with a secondary code of FSAPAIAE, Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls). Its NAICS code is 52321 and its SIC code is 6200.