According to the news of DÜNYA, a subsidiary of Akbank, Turkey’s second largest private bank, cryptocurrency has made an official application to become the main shareholder of trading platform Stablex.
The majority of crypto companies in Turkey are currently working with Akbank.
Established in May 2020, Stablex acts as an intermediary in Turkish lira-denominated crypto currency transactions and is a member of Orion Yatırım Menkul Değerler A.Ş. and Jihad Shannak, a former senior executive of Noor Capital Market Securities A.Ş.
According to Chainalysis, a blockchain and cryptocurrency analysis company, Turkey ranks 12th out of 154 countries in the Global Crypto Adaptation Index and is one of the strongest countries in the world in this field. It is reported that the average daily cryptocurrency transaction volume in Turkey is $533 million.
When the official website of KAP is examined, Ak Yatırım MenkUL DEĞERLER A.Ş. The following information is included about the acquisition of Stablex by the company:
In order to take over the majority shares of “Stablex Bilişim Teknoloji Anonim Şirketi (“Stablex”) by our Company (“Transaction”), within the scope of the resolution of our Board of Directors dated 14.03.2023, between our Company and the current shareholders of Stablex on 14.03.2023 The Agreement (“Agreement”) has been signed.
The transfer of Stablex shares to our Company (“Closing”) will be made on the condition that the Competition Board approves the Transaction and other prerequisites set out in the Agreement are fulfilled, and the payment of the transfer fee will be made on the Closing date.
Explanations regarding the transfer will be announced to the public after the Closing.
*Not investment advice.
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