Garanti BBVA, Turkey's Largest Bank, to Launch Bitcoin and Cryptocurrency Trading Services Amid Banking Scrutiny

Jan 2, 2025, 01:13 PM

Garanti BBVA, one of Turkey's largest banks, is preparing to launch cryptocurrency trading services, including Bitcoin. This initiative comes amid scrutiny of the Turkish banking sector, particularly following accusations of a Ponzi scheme involving a bank led by one of the nation's longest-serving CEOs. The move by Garanti BBVA signals a significant shift towards cryptocurrency adoption in the region, reflecting a growing trend among financial institutions to integrate digital assets into their offerings.