21.08.2024 16:31
The leading crypto asset platform Bitget continues its operations in Turkey. Although all activities of BitgetTR will be conducted under the umbrella of CoinTR, the users of Bitget Global in Turkey will not be affected by this change.
The leading crypto asset platform and Web3 company Bitget announced that all operations of its local subsidiary Bitget TR (bitgettr.com), which operates independently from Bitget Global and handles Turkish Lira deposits and withdrawals, can now be carried out through CoinTR. Bitget TR (bitgettr.com) also stated that its users can expect a much better local crypto asset platform experience in every aspect.
Bitget TR Operations to be Conducted through CoinTR
According to the announcement, Bitget TR, which operates as a separate entity from Bitget Global, has been acquired by CoinTR. With this acquisition, all operations of Bitget TR, which is an independent local subsidiary of Bitget Global, will now be conducted through CoinTR. This step, which is an important part of adapting to the evolving regulatory environment in Turkey, means that all activities of Bitget TR will be carried out under the umbrella of CoinTR.
Funds are Safe
Representatives of Bitget Global stated that this acquisition will not have any negative impact on the users of Bitget Global and Bitget TR, and that user funds are safe.
No Impact on Bitget Global Users
After the merger of Bitget TR and CoinTR, Bitget TR users will be able to continue their transactions using the CoinTR interface. There will be no changes for Bitget Global users. Vugar Usi Zade, the General Manager of Bitget Global Operations, addressed the issue on X (formerly known as Twitter) and said, "Hello, we have heard the rumors that have recently emerged and we want to clarify the situation. We believe that everyone should benefit from the advantages of crypto and understand that each region has its own unique needs. So far, we have sponsored three National Athletes during the time we have provided services in Turkey, offered many local features on our platform, and I personally had the opportunity to interact with many of you."
We are doing everything we can to support our community in Turkey and we will continue to grow in the region. Bitget's services will continue to be at the disposal of our users. You can follow our transparent reserve proof, and you will continue to be protected by our Protection Fund worth 400 million dollars. The first-class service provided by Bitget to 30 million users from 100 different countries reflects our commitment to the continuity of our services. As always, we are grateful for your support."
In the first half of 2024, Bitget recorded a capital inflow of 700 million dollars and continued this momentum with approximately 3 million new users. With the commitment to maintain this trend in the region, the transfer of Bitget TR's operations to CoinTR will not affect Bitget Global users in any way, and user funds will remain completely safe. Serhat Erman, the Regional Manager of Bitget Global Turkey, emphasized that Bitget Global (bitget.com) and Bitget TR (bitgettr.com) are two separate entities. He stated, "The transfer of Bitget TR's (bitgettr.com) operations in the region to Coin TR should not be associated with Bitget Global's (bitget.com) users in Turkey because this situation will not affect our users' access to Bitget Global or cause any changes in our operations in the region."