Garanti BBVA Digital Assets

What Garanti BBVA Digital Assets does

Garanti BBVA Digital Assets, operating commercially as Garanti BBVA Kripto, is a Turkey-domiciled cryptocurrency trading and custody platform launched in May 2023 as a wholly-owned subsidiary of Garanti BBVA (via Garanti BBVA Finansal Teknolojiler A.Ş.). The platform enables individual retail and corporate customers in Turkey to buy, sell, swap, and store 25+ digital assets — including BTC, ETH, XRP, SOL, USDT, USDC, AVAX, DOT, ADA, LTC, AAVE, CHZ, LINK, and others — through a mobile application distributed via QR code and app stores. Trading executes through two complementary venues: a peer-to-peer Order Book (Emir Defteri) using price/time priority matching, and an OTC (Tezgah Üstü) channel for larger transaction volumes. Liquidity is sourced from two external providers, Bitstamp (Luxembourg) and Bit2Me (Spain), with no equity relationship between the parties.

Underlying infrastructure is conventional for a regulated digital asset custodian: multi-signature wallets combining cold storage for long-term holdings and hot wallets for active trading, real-time asset auditing controls, and internal/external penetration testing. Customer cash is held in segregated accounts at T. Garanti Bankası A.Ş. (the parent bank), and fiat on/off ramps support TRY and USD via IBAN transfer. The platform is regulated by Turkey's Capital Markets Board (SPK) under crypto asset service provider frameworks III-35/B.1 and III-35/B.2 and is subject to MASAK anti-money-laundering regulations.

The revenue model is transaction-based: a flat 0.2% (VAT-inclusive) commission on every buy/sell trade is the primary stream, supplemented by per-asset crypto withdrawal fees set at network-cost levels (e.g., 0.00007 BTC, 0.0015 ETH, 3 USDT). Custody is currently free of charge. Go-to-market is product-led and mobile-first self-serve, leveraging cross-referral from Garanti BBVA's 20M+ banking customer base and the Bonus rewards ecosystem. The company has 31 employees, paid-in capital of 5.788 billion TL (entirely from the parent), and is led by CEO and Board Member Onur Güven under Chairman Mahmut Akten.

Name

Garanti BBVA Digital Assets

Legal name

Garanti BBVA Kripto Varlık Alım Satım Platformu A.Ş.

Website

https://garantibbvakripto.com.tr

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Garanti BBVA Kripto is a Turkey-regulated cryptocurrency trading and custody platform, launched in 2023 as a subsidiary of Garanti BBVA. It serves Turkish retail and corporate customers via a mobile app, offering 25+ digital assets traded on order book and OTC venues with a 0.2% commission.

Ownership category

akta.pro rank

Product category

Cryptocurrency Exchange and Custody

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA)

akta.pro secondary industries

Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG), Fiat On/Off-Ramps & Payment Rails (Exchange-Operated) (FSADAAAF)

Keywords

• Cryptocurrency trading
• Digital asset custody
• Crypto exchange platform
• Peer-to-peer order book
• Regulated crypto services

Headquarters

HQ city

Istanbul

HQ country

Türkiye

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure, Others

Revenue model

1. Trading Commission: The platform charges a flat 0.2% (2 per thousand) fee on all cryptocurrency buy/sell transactions, inclusive of VAT. This is the primary revenue stream, generated on every trade executed via either the order book or OTC model.
2. Cryptocurrency Withdrawal Fees: Fees collected on crypto withdrawal transactions. Rates vary by asset (e.g., 0.00007 BTC, 0.0015 ETH, 3 USDT) and are denominated in the respective cryptocurrency, covering network costs. No fees are charged for crypto deposits.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Garanti BBVA Digital Assets operates a regulated cryptocurrency trading and custody platform under a Turkish Capital Markets Board (SPK) license, offering retail and corporate customers the ability to buy, sell, swap, store, and transfer 25+ digital assets via a mobile app. Execution is delivered through a peer-to-peer Order Book model for standard trades and an OTC channel for larger transaction sizes, with fiat on/off-ramps integrated to Garanti BBVA bank accounts in TRY and USD.

Product overview

Garanti BBVA Kripto is a cryptocurrency trading and custody platform operated by Garanti BBVA Kripto Varlık Alım Satım Platformu A.Ş., a subsidiary of Garanti BBVA established in May 2023. The platform offers two core services: (1) a Kripto Alım-Satım Hizmeti for trading 25+ cryptocurrencies via both an Order Book (Emir Defteri) model with price/time priority matching and an OTC (Tezgah Üstü) model for high-volume customers, and (2) a Kripto Saklama (Cüzdan) Hizmeti for secure storage of crypto assets using multi-signature wallets and cold wallet infrastructure. Supporting services include Kripto Transfer (Yatırma/Çekme) Hizmeti for deposits and withdrawals, USD İşlemleri for fiat USD deposits and withdrawals via Garanti BBVA bank accounts, and a mobile application (Garanti BBVA Kripto Uygulaması) as the primary access channel.

Differentiator

Problem solved

Functional benefit

Products and services

• Garanti BBVA Kripto Mobile Application
• Crypto Trading Service (Kripto Alım-Satım Hizmeti)
• Order Book Trading Model (Emir Defteri)
• OTC Trading Service (Tezgah Üstü)
• Crypto Custody / Wallet Service (Kripto Saklama Hizmeti)

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• BitstampcoreTechnology or IntegrationBitstamp Europe S.A., a Luxembourg-based cryptocurrency exchange, serves as one of two liquidity providers for Garanti BBVA Kripto's platform. Bitstamp provides liquidity and price quotation for listed crypto assets, supporting order execution on the platform. Garanti BBVA Kripto confirms it has no direct or indirect shareholding relationship with Bitstamp.
• Bit2MecoreTechnology or IntegrationBit2Me (Bitcoinforme S.L.), a Spain-based cryptocurrency exchange, serves as a liquidity provider alongside Bitstamp for Garanti BBVA Kripto's trading platform. Bit2Me provides liquidity and price feeds that support the platform's order book and OTC operations. No ownership relationship exists between the two entities.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• BtcTurk: One of Turkey's largest cryptocurrency exchanges, offering spot trading in TRY pairs plus a broader PRO platform. Direct competitor to Garanti BBVA Kripto for Turkish retail crypto volume, with overlapping assets and TRY liquidity.
• Paribu: Turkey-based centralized cryptocurrency exchange offering TRY trading pairs, custody, and fiat on/off-ramps for Turkish retail users. Directly competes with Garanti BBVA Kripto in the same regulated Turkish market segment with a similar product set (spot trading, TRY pairs, mobile-first).
• Bit2Me: Spain-based cryptocurrency exchange that is already one of Garanti BBVA Kripto's two named liquidity providers, and operates a comparable retail spot platform with EUR pairs. Comparable in technology stack (order book, custody) and serves a similar bank-affiliated audience in its home market.
• Bitstamp: Luxembourg-based regulated cryptocurrency exchange and Garanti BBVA Kripto's second liquidity provider. Runs a global spot order book with EUR/USD pairs; comparable regulated exchange operator serving retail and institutional flow through a similar custody-and-matching architecture.
• Bitci: Turkey-origin cryptocurrency exchange brand with TRY pairs and a football-club sponsorship-led marketing model. Competes for the same Turkish retail crypto audience as Garanti BBVA Kripto with similar spot trading and custody offerings.

Emerging players

• Revolut: Digital bank offering in-app cryptocurrency buy/sell and custody alongside core banking services. Comparable as a bank-adjacent, mobile-first crypto product that competes for the same trust-seeking retail audience, though operating globally rather than solely in Turkey.

Broad incumbents

• Coinbase: US-listed, regulated centralized cryptocurrency exchange operating spot trading, custody, and fiat ramps across many geographies. Comparable as a bank-trust-equivalent regulated incumbent, but with much broader global reach and product suite than Garanti BBVA Kripto's Turkey-only spot focus.
• Binance: Global cryptocurrency exchange leader offering spot, derivatives, and on/off-ramps. While restricted in Turkey, it sets the competitive pricing benchmark and consumes potential Turkish crypto volume; relevant as the dominant cross-border alternative Garanti BBVA Kripto competes against indirectly.

Others

• Garanti BBVA (parent banking): Turkey's largest private bank and sole indirect parent of Garanti BBVA Kripto via Garanti BBVA Finansal Teknolojiler A.Ş. Relevant as the embedded distribution, fiat rail, and trust backbone; not a competitor but a key ecosystem enabler and shareholder.

Regional players

• BBVA (Spain crypto initiatives): Garanti BBVA's Spanish parent has rolled out regulated crypto trading and custody features within its Spanish retail banking app. Comparable as a bank-affiliated crypto offering under the same BBVA group, but operating in Europe under MiCA rather than Turkish SPK regulation, with no direct Turkish overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/garantibbvakrp
• LinkedInlinkedin.com/company/garantibbvakripto
• Instagraminstagram.com/garantibbvakrp
• TikToktiktok.com/@garantibbvakripto

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Garanti BBVA Digital Assets