BtcTurk
BtcTurk is Turkey's first and largest cryptocurrency exchange, founded in 2013, serving 5M+ retail and institutional Turkish users with 375 trading pairs on TRY and USDT rails via web, mobile, and API channels.
- Company typePrivate
- Founded2013
- HeadquartersBesiktas
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What BtcTurk does
BtcTurk is Turkey's first and largest cryptocurrency exchange, founded in 2013 and operating for 13 years as the fourth such platform globally. The company runs a multi-tier trading platform accessible via web (kripto.btcturk.com), mobile apps (iOS, Google Play, Huawei AppGallery), and a developer API. It supports 375 trading pairs denominated in Turkish Lira (TRY) and USDT, serving 5M+ registered users with $63M in reported 24-hour trading volume. The platform offers both a simple interface (Basit Al-Sat) for beginners and an advanced Pro interface (Gelişmiş Al-Sat) for experienced traders, alongside features including multi-signature cold wallet storage, two-factor authentication, passkey login, anti-phishing codes, free Lightning Network Bitcoin withdrawals, and 24/7 fee-free TRY deposits and withdrawals.
The business operates on a tiered commission structure where fees decrease with higher trading volumes, generating transaction-fee revenue from spreads and commissions on retail and institutional trades. Customer segments include Turkish retail traders (primary), algorithmic traders using the OAuth2-secured API, and institutional/corporate clients served through a dedicated Kurumsal Hizmetler portal. The company distributes via self-serve PLG channels, mobile app stores, and a flagship sports marketing partnership as Official Main Sponsor of the Turkish National Football Teams. Additional offerings include the Bloki conversational AI assistant, Satoshi converter tool, and BtcTurk Group Financial Services. BtcTurk has pursued inorganic growth through acquisitions of Infoset (2023) and VNGRS (2025) and holds Great Place to Work certification. In Q3 2025, the platform suffered a $54 million security breach, representing the most significant operational risk event in its history.
BtcTurk firmographics
Firmographics- Name
- BtcTurk
- Legal name
- BtcTurk Kripto Varlık Alım Satım Platformu A.Ş.
- Website
- https://pro.btcturk.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- BtcTurk is Turkey's first and largest cryptocurrency exchange, founded in 2013, serving 5M+ retail and institutional Turkish users with 375 trading pairs on TRY and USDT rails via web, mobile, and API channels.
- Ownership category
- akta.pro rank
BtcTurk industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities and Commodity Exchanges (52321), Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA)
- akta.pro secondary industries
- Retail Crypto Brokerages (Simple Buy/Sell) (FSADAAAB), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where BtcTurk is headquartered
LocationHeadquarters
- HQ city
- Besiktas
Offices1 record
Markets served
BtcTurk business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Trading Commissions: Tiered commission structure (kademeli komisyon yapısı) where users pay trading fees based on their trading volume. Higher volume traders receive more favorable commission rates. Revenue generated from the spread between buy and sell prices on cryptocurrency transactions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Tiered commission structure based on trading volume |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
BtcTurk product offering
Product offeringCore offering
BtcTurk operates a cryptocurrency exchange platform that enables Turkish users to buy, sell, and trade 375 cryptocurrency pairs against Turkish Lira (TRY) and USDT. Founded in 2013, it is Turkey's first and the world's fourth cryptocurrency exchange, offering both a simple trading interface (Basit Al-Sat) for beginners and a professional Pro interface (Gelişmiş Al-Sat) for advanced traders, complemented by native iOS, Android, and Huawei AppGallery mobile apps, a developer API, and corporate services for institutional clients.
Product overview
BtcTurk is Turkey's first and the world's fourth cryptocurrency trading platform, now in its 13th year of operation. The platform operates as a unified ecosystem with BtcTurk | Kripto as the core product, offering two trading interfaces: Basit Al-Sat (simple trading for beginners) and Gelişmiş Al-Sat/Pro (advanced trading for professionals). The offering is complemented by the BtcTurk Kripto Mobil app for mobile trading, Bloki AI assistant for conversational task execution, Passkey for secure authentication, and the Satoshi Dönüştürücü tool for unit conversion. Additional services include 7/24 TRY Transferi for around-the-clock fiat operations, a Developer API for algorithmic trading, and Kurumsal Hizmetler for institutional clients. The platform supports 375+ trading pairs primarily in TRY and USDT with 5M+ total users.
Differentiator
Problem solved
Functional benefit
Brands
- Bloki: A feature/service offered by BtcTurk described as 'Siz isteyin, Bloki yapsın!' (You ask, Bloki makes it!).
- BtcTurk | Kripto Mobil
- BtcTurk Grup Finansal Hizmetleri
Products and services
- BtcTurk | Kripto
- BtcTurk Kripto Mobil
Quantifiable outcome
- 13 years operating as Turkey's first cryptocurrency exchange
- +4 more outcomes
Companies that use BtcTurk
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
BtcTurk technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature8 records
BtcTurk partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Turkey National Football TeamsflagshipBtcTurk serves as the Official Main Sponsor (Ana Sponsoru) of the Turkish National Football Teams, providing high-visibility brand exposure through national football matches and associated media coverage.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
BtcTurk competitors and assessment
Company assessmentBroad incumbents
- Kraken: Kraken is a global crypto exchange known for security and advanced trading. It targets Turkish sophisticated/professional traders as an alternative to BtcTurk's Pro interface, especially for those seeking deeper USD liquidity.
- OKX: OKX is a top global crypto exchange with significant Turkish user activity, offering spot trading, derivatives, and a Web3 wallet. It overlaps with BtcTurk on TRY spot trading and competes for high-volume Turkish algorithmic traders.
- Coinbase: Coinbase is a US-listed, regulated crypto exchange with growing international footprint. It competes with BtcTurk for Turkish institutional and retail users seeking a regulated, USD-paired alternative to local exchanges.
- Crypto.com: Crypto.com is a global crypto exchange and card issuer with mainstream brand presence. It competes with BtcTurk for Turkish retail users seeking a card-linked crypto product and broad token selection.
- Binance: Binance is the dominant global crypto exchange and serves a large Turkish user base, including via TRY pairs, with vastly deeper liquidity and a broader token catalog. It competes head-to-head with BtcTurk for Turkish retail traders but at a global scale.
Direct peers
- Paribu: Paribu is BtcTurk's largest direct competitor in Turkey, operating a TRY-paired crypto exchange with comparable retail focus, mobile apps, and a similar set of trading pairs. Both platforms compete for the same Turkish retail and SMB customer base.
Emerging players
- KuCoin: KuCoin is a global crypto exchange with a strong altcoin listing strategy and retail focus. It overlaps with BtcTurk on retail-oriented spot trading and competes for the same token-discovery-driven user base.
- Bitfinex: Bitfinex is a Hong Kong-based crypto exchange with strong Turkish user activity, particularly for high-volume and algorithmic trading. It competes with BtcTurk's Pro offering for sophisticated Turkish traders.
- Gate.io: Gate.io is a global crypto exchange with extensive altcoin listings and active Turkish user community. It offers comparable spot trading features and competes with BtcTurk for Turkish altcoin speculators.
Regional players
- Bitstamp: Bitstamp is a Europe-based regulated crypto exchange with EUR-paired books. It is comparable to BtcTurk as a regional spot exchange focused on local fiat on/off-ramps, though it does not serve Turkey directly.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
BtcTurk social profiles
Digital presenceBtcTurk financial estimates
Financial estimateRevenue estimate
Valuation estimate
BtcTurk leadership team
Management profileNumber of profiles
Profiles1 record
BtcTurk funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BtcTurk M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BtcTurk
What does BtcTurk do?
BtcTurk operates a cryptocurrency exchange platform that enables Turkish users to buy, sell, and trade 375 cryptocurrency pairs against Turkish Lira (TRY) and USDT. Founded in 2013, it is Turkey's first and the world's fourth cryptocurrency exchange, offering both a simple trading interface (Basit Al-Sat) for beginners and a professional Pro interface (Gelişmiş Al-Sat) for advanced traders, complemented by native iOS, Android, and Huawei AppGallery mobile apps, a developer API, and corporate services for institutional clients.
Is BtcTurk a public or private company?
BtcTurk is a private company. It is classified as unknown and is currently operating.
When was BtcTurk founded?
BtcTurk was founded in 2013. It employs 501 to 1,000 people.
Where is BtcTurk based?
BtcTurk is headquartered in Besiktas.
How does BtcTurk make money?
One revenue line is on record: trading Commissions.
Who are BtcTurk's main competitors?
Broad incumbents on record are Kraken, OKX, Coinbase, Crypto.com and Binance. Paribu is listed as a direct peer. Emerging players are KuCoin, Bitfinex and Gate.io. Bitstamp is listed as a regional player.
Does BtcTurk have an API?
Yes. BtcTurk provides an API for developers to access cryptocurrency price data and execute trades with user accounts. The platform supports OAuth2 user authentication for algorithmic trading, allowing secure connection to third-party applications. API documentation is available at docs.btcturk.com. Developer documentation is at docs.btcturk.com.
What industry is BtcTurk in?
BtcTurk's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSADAAAA, Spot Crypto Exchanges (Order-Book & Matching Engine), with a secondary code of FSADAAAB, Retail Crypto Brokerages (Simple Buy/Sell). Its NAICS code is 52321 and its SIC code is 6200.