KuCoin, a leading global cryptocurrency exchange, is pleased to announce that its Türkiye collaborative partner, KuCoin TR Kripto Varlık Alım Satım Platformu AŞ (a.k.a. "KuCoin TR"), officially submitted its licensing application to the Türkiye Capital Markets Board ("SPK") for authorization as a Crypto Asset Service Provider. This milestone places KuCoin TR on the SPK's list of operating entities, alongside prominent platforms such as Binance TR, Bybit TR, OKX TR, and others, as Türkiye continues to formalize its dynamic crypto ecosystem. By aligning with SPK's transitional framework, KuCoin TR reaffirms its dedication to maintaining seamless services for Türkiye users while prioritizing robust infrastructure, user security, and compliance.

 Türkiye's crypto regulatory framework has advanced significantly to balance innovation with investor protection, influenced by economic pressures like the Türkiye Lira's volatility, which has driven widespread adoption as a hedge against inflation. Starting with 2024 amendments to the Capital Markets Law No. 6362, which defined crypto assets and empowered SPK oversight, the landscape evolved with March 2025 secondary regulations—Communiqués III-35/B.1 and III-35/B.2—imposing capital reserves, AML, KYC, and travel rule standards, and asset custody rules while banning high-risk activities like leveraged trading. Transitional periods mandate full licensing by June 2026, with enforcement such as site blocks for unlicensed platforms and 72-hour withdrawal delays, creating a secure environment that channels enthusiasm into regulated channels and attracts institutional investment.

"As Türkiye's regulatory landscape matures, KuCoin remains steadfast in our commitment to compliance and user-centric innovation," said Tony Ruan, General Manager of KuCoin TR. "Submitting our application to SPK is a natural extension of our global strategy to proactively meet local requirements, building a trustworthy platform where Türkiye users can thrive. We're excited to grow alongside this market, ensuring security, transparency, and accessibility for all."