- Kucoin Tr emphasizes its commitment to deliver smooth service to its Turkish customers by integrating with the transitional framework adopted by SPK.
- Since the localized platform debuted in 2024, Kucoin Tr has expanded quickly to serve Turkey’s thriving cryptocurrency community.
- As Turkey continues to legalize its dynamic cryptocurrency ecosystem, this milestone puts Kucoin Tr on the list of functional organizations maintained by SPK.
Kucoin, a well-known globally operating cryptocurrency exchange, is pleased to announce that its Itstürkiye co-partner, Kucoin Tr Kripto Varlık Alım Satım Platformu Aş (also known as “Kucoin Tr”), has officially submitted its license to approve the license, as it has already been officially approved. As a cryptocurrency service provider.
As Turkey continues to legalize its dynamic cryptocurrency ecosystem, this milestone puts Kucoin Tr on the list of functional organizations maintained by SPK. Also note that important platforms like Binance TR, Bybit TR, OKX TR and more are included in this list. Kucoin Tr emphasizes its commitment to deliver smooth service to its Turkish customers by integrating with the transitional framework adopted by SPK. Additionally, the company simultaneously prioritizes solid infrastructure, user security and compliance.
Since the localized platform debuted in 2024, Kucoin Tr has expanded quickly to serve Turkey’s thriving cryptocurrency community. We have achieved important milestones in terms of service innovation, leadership and regulatory integrity through its rapid evolution. In September 2024, the platform introduced a targeted update for Türkiye Lira (Try) users. These updates included improvements to Fiat On-Ramps with trading pairs of Türkiye Lira (Try), faster deposits and withdrawals, and user-friendly features that make cryptocurrencies more accessible for everyday trading and investment in markets where the majority of the population is involved in digital assets. The Kucoin Local Management team was strengthened early in August 2024, adding individuals with experience in compliance and growth.
Kucoin Tr filed its first SPK application in August 2024 as a demonstration of its early commitment to future legislation. This application has joined more than 47 exchanges (which have since increased) under the revised Capital Markets Act No. 6362. The fact that Kucoin has these steps demonstrates its commitment to complying with regulations and providing reliable services.
The legal environment for Türkiye’s cryptocurrency has made great strides in balancing innovation and investor protection. This development has been influenced by economic forces such as Türkiye Lira volatility, which has driven wide adoption as a hedge against inflation.
Starting with an amendment to Capital Markets Act No. 6362 in 2024, crypto assets were defined, SPK surveillance was strengthened, and the landscape evolved with secondary regulations in March 2025. These regulations impose capital reserves, AML, KYC and travel regulations standards, and asset management rules, as well as high-risk activities such as leveraged transactions.
Implementing the transition phase, which requires a fully licensed version by June 2026, will lead to encouraging excitement for regulated channels and creating a safe environment that attracts institutional investment, with enforcement measures such as site blocking of unlicensed platforms and delays in withdrawals of 72 hours.
“We’re looking forward to seeing you in the future,” said Tony Ruan, general manager of Kucoin TR.
“As Türkiye’s regulatory environment matures, Kucoin remains steady in its commitment to compliance and user-centered innovation. Submitting an application to SPK is a natural extension of our global strategy to proactively meet local requirements, and building a trusted platform for Türkiye users to thrill.
Kucoin CEO BC Wong added.
“At Kucoin, our commitment to compliance is always at the heart of our strategy and we continue to move forward with confidence and determination. From the first global exchange of successful India’s FIU to the launch of the MICA licensed application, Kucoin Thailand, in the EU, to the launch of the SPK application for the current Kucoin TR SPK application. We will continue to meet the needs of users around the world, supporting the highest standards of security and regulatory integrity.”
Kucoin TR is more regulated and suitable to contribute to the future of Turkey, including cryptocurrency, by using this SPK application. By maintaining the highest standards of security and compliance, Kucoin expands its invitations to users, partners and regulatory authorities to participate in developing an ecosystem that promotes innovation while complying with a set of regulations.
Kucoin TR was created to provide a particularly customized and reliable, secure cryptocurrency service for the Turkish market. Kucoin Tr is dedicated to helping Turkish consumers find and invest in interesting cryptocurrency projects. The company focuses on compliance, security and user interaction.