In a significant development for the digital asset industry in Türkiye, CoinTR Exchange proudly announced the appointment of former Governor of the Central Bank of Türkiye, Murat Uysal, to its Board of Directors on January 16th. With an illustrious career in central banking, Uysal’s expertise is expected to shape CoinTR’s strategic vision going forward, particularly at a time when the fusion of blockchain technology and traditional finance is rapidly gaining momentum across the globe.
What Is CoinTR?
Before going any further, it is prudent to first explain what CoinTR actually is and does. CoinTR is a global digital asset exchange based in Türkiye, and it was founded by a team of experts from Turkish financial regulatory authorities, the central bank, and top global exchanges. The exchange boasts over 1 million users and a daily trading volume of $300 million. Moreover, CoinTR focuses on integrating traditional finance with digital assets, aiming to provide innovative solutions to challenges faced by Türkiye’s ever-changing financial landscape.
CoinTR has also assembled wallet security teams from the world’s three largest exchanges, including the former vice president of Huobi, as well as over 100 product and technology experts, with roughly 80 % of employees having more than three years of experience in the world’s leading exchange industry.
Furthermore, its wallet system has been operational for eight years, with the best security record in the industry, overseeing digital assets worth more than $50 billion. In the past, the team created and maintained the world’s largest trading system, assisted in the creation and deployment of licensed exchanges in Japan, acquired a trust license in Hong Kong, and established effective asset management and wallet systems.
With a team of seasoned professionals and a robust security record, CoinTR is poised to lead the blockchain industry’s positive growth in Türkiye and the Middle East for the foreseeable future and beyond.
The Significance Of Appointing Murat Uysal
Uysal, who previously served as Governor of the Central Bank of the Republic of Türkiye from 2016 before assuming the role of Governor in 2019, expressed his confidence in the future prospects of CoinTR. He highlighted the potential for innovation arising from the synergy of blockchain and finance, emphasizing the company’s role as a leader in Türkiye with robust global technological capabilities and a strong foundation in traditional finance.
CoinTR CEO Ali Eşelioğlu welcomed Uysal, acknowledging his wealth of experience in central banking and finance. Eşelioğlu expressed anticipation for innovative progress under Uysal’s leadership, aiming to create additional value for both the industry and clients through the construction of efficient as well as accessible blockchain financial infrastructure.
Uysal’s appointment also follows a trend at CoinTR, where key positions are held by former senior officials from banks and regulatory institutions. This includes notable figures like Şakir Ercan, Mehmet Emin, Ali Eşelioğlu, and Yakup Demir, all contributing to the company’s distinctive positioning and overall mission.
A Time For Change
The geopolitical landscape, especially in Eastern Europe and the Middle East, has been a key factor in driving Türkiye’s digital asset market’s growth. CoinTR’s secure political environment and strategic collaborations have attracted substantial trade, foreign exchange, and asset investment from the Middle East, positioning Türkiye as the fourth-largest global digital asset market.
A contributing factor to the rise of digital assets in Türkiye is the continuous devaluation of the Turkish Lira. Investors seek assets that can retain value, evident in the significant trading volume of the Lira against USD stablecoins such as USDT and USDC. CoinTR recognizes the importance of protecting the assets of Turkish citizens and reducing the outflow of foreign exchange, aligning its mission with the broader goal of creating a blockchain-based financial infrastructure for Türkiye and the Middle East.
What Makes CoinTR So Special?
In a nutshell, CoinTR’s proactive approach extends beyond mere exchanges, with a proposal for a blockchain-based digital financial infrastructure even gaining support from the Investment Office of the Presidency of Türkiye. In addition, the exchange is presently engaging in discussions with major state-owned banks to create a viable implementation plan regarding digital banking and a gold-backed stablecoin.
Needless to say, this is an incredibly exciting time not just for crypto and digital assets, but also for Türkiye as the country looks to pivot toward a more modern, Web3 era wherein the citizens can enjoy their lives without having to worry about issues such as the devaluation of their local currency.
For more information and regular updates, visit CoinTR’s
