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As part of the second-anniversary celebrations, the cryptocurrency company CoinTR held a press conference on November 28th at Mandarin Oriental Bosphorus. The meeting, featuring Chairman of the Board Şakir Ercan Gül and CoinTR CEO Ali Eşelioğlu as speakers, unveiled the goals and roadmap for 2024.
Şakir Ercan Gül: Our aim is to be the industry leader in Turkey
Şakir Ercan Gül
Starting his remarks by stating that CoinTR, based in China, the UK, and Turkey, began its services in September 2022, has all the required permits, and is audited by MASAK, Chairman of the CoinTR Board Şakir Ercan Gül emphasized their differentiation from local competitors in terms of product and team experience. He stated, “No locally-owned exchange possesses the global experience and technological infrastructure that CoinTR has.”
Şakir Ercan Gül said:
“Although Turkey is the fourth-largest market in the crypto sector globally, users tend to convert their TRY balances into cryptocurrencies through local exchanges and transfer them globally. With our infrastructure that provides services globally, we aim not only to keep this volume inside but also to enter global competition. There are officially dozens of cryptocurrency exchanges in Turkey. Investor interest is shifting towards this market. While the interest and goals of consumer investors may change, overall, investments in technology and Turkish users’ efforts to protect their investments from inflation can be consolidated. Having a Central Bank executive for the first time on the management team of a cryptocurrency platform and forming the board entirely with names coming from very strong institutions in both the public and private sectors are crucial points. In this context, considering the success of a local platform at a global scale and the confidence given by significant figures in public institutions, we can say that we will continue to expand globally with the aim of reaching a leading position in the Turkish market.”
Ali Eşelioğlu
Ali Eşelioğlu: We Will Open an Office in Istanbul Financial Center
CoinTR CEO Ali Eşelioğlu began his remarks by stating, “Every technological revolution encourages progress and transformation in society. Today, we are witnessing a technological revolution. The progress and transformations today herald the era of the New Internet.”
Highlighting how humanity continues its journey through different technological eras, Eşelioğlu conveyed that in these days when the New Internet is progressing rapidly, Turkey has geopolitical advantages due to its location, and as CoinTR, they will leverage these advantages.
Eşelioğlu emphasized that they are not just a cryptocurrency exchange but also a blockchain technology center. Therefore, they will support traditional finance in Turkey with blockchain technology and open a liaison office in the Istanbul Financial Center. He summarized CoinTR’s vision and goals as follows:
“We have three main goals: to establish a blockchain-based, globally focused, secure, efficient, and leading digital financial infrastructure for Turkey. To build and strengthen Turkey’s own infrastructure to host digital assets, ensuring the security of national assets and preserving the independence of national financial sovereignty. To attract global digital assets to Turkey, integrate them into the real economy and the financial sector, and contribute to the economic development of our country. With every step we take at CoinTR, we work to ensure the integration of the crypto ecosystem with the traditional economy. This integration will bring significant benefits to the economy in Turkey.”
Ali Eşelioğlu also emphasized that they have an experienced management team in traditional finance. With this management capability, he expressed confidence that they can achieve rapid growth and a high market share in the Turkish and even global cryptocurrency market in the last quarter of the year and the coming year. He stated:
“Our management team consists of experienced executives and finance sector experts who have served in institutions such as the Ministry of Treasury and Finance, the Central Bank, BDDK, Deutsche Bank, and Vakıfbank. Our product technology team comes from Huobi, which was one of the world’s largest exchanges at one time. Our digital infrastructure has an operating system we describe as third-generation. This system, predominantly local, stands out as the most important technological feature that sets us apart from our global competitors. Additionally, we have strategic agreements of great importance. In blockchain, smart contracts, and Web3 application security, we have agreements with CertiK; in crypto compliance solutions, with Elliptic; in e-commerce malicious software and vulnerability detection, with Sansec; and in blockchain security, with SlowMist. These are very valuable global agreements. The advantages provided by these three agreements are not found in other exchanges in Turkey.”
