CoinTR's second anniversary, the chairman of the Turkish Presidential Investment Office listens to the special report on CoinTR's digital financial infrastructure

On November 28, 2023, the global cryptocurrency exchange CoinTR held its second anniversary celebration at the MANDARİN Hotel in Istanbul, Turkey. The theme of the event was "CoinTR Second Anniversary - Making Finance More Efficient, Making Wealth More Free." The event focused on exploring the rise of emerging cryptocurrency forces in Turkey and building a blockchain-based digital financial infrastructure, promoting the transformation of Turkey's digital economy and the upgrading of traditional industries.

The event gathered over 500 participants and invited more than twenty prominent guests from the Turkish Presidential Office, Ministry of Finance, Central Bank, and state-owned banks to discuss new trends in Turkey's crypto economy, analyze compliance and regulatory trends in the new environment, and focus on frontier explorations driven by new technologies.

During the event, Burak Dağlıoğlu, Chairman of the Investment Office of the Turkish Presidential Office, and his team listened to CoinTR's special report on building Turkey's blockchain-based digital financial infrastructure.

Burak Dağlıoğlu, Chairman of the Investment Office of the Turkish Presidential Office, and his team listened to CoinTR's special report.

The digital financial infrastructure project by CoinTR is a blockchain-based, globally accessible, secure, efficient, and leading digital financial infrastructure tailored for the Turkish market. CoinTR aims to utilize this digital financial infrastructure solution to assist Turkey's traditional financial system in completing its digital financial upgrade, using Turkey's own infrastructure to support digital assets, safeguarding national asset security and financial sovereignty, while attracting global digital assets into Turkey, integrating them into the real economy and financial sector, and promoting Turkey's economic development.

It is understood that the solution includes three major systems: Digital Asset Trading System, Digital Asset Custody System, and Application Layer System. Reportedly, CoinTR's digital asset trading system has been completed, and this trading system has undergone security testing and auditing by the blockchain security audit agency Hacken, achieving a system service availability of up to 99.999%, with multi-node availability zones and fault isolation deployment. As of now, CoinTR has accumulated over 1 million users, with a daily trading volume reaching 300 million USD.

CoinTR's digital asset custody system is still under construction, mainly including five major products: wallet custody, wallet payment, consortium chain, trading alliance, and stablecoin acceptance, dedicated to providing users with extremely secure digital financial services such as crypto asset custody and crypto payments. The application layer system aims to comprehensively break down the barriers between traditional finance and crypto finance, establishing a connection between the real world and the virtual world, mainly including global payments for crypto banks, STOs, gold-backed stablecoins, stocks and bonds, and lira stablecoins. In addition, CoinTR has established strategic partnerships with top security companies from around the world, including Certik, SolwMist, and Sansec, to continuously build secure and reliable systems and services.

CoinTR hopes to utilize this digital financial infrastructure solution to assist Turkey's traditional financial system in completing its digital financial upgrade and to create a national blockchain infrastructure.

Since its establishment in 2022, CoinTR has gathered a wallet security team from the world's three major exchanges, including the former vice president of Huobi, and over 100 product and technology experts, with about 80% of employees having more than three years of experience in leading global exchanges. With leading global product technology, it has operated smoothly for eight years, maintaining the highest security record in the industry and managing assets worth 50 billion USD. The team previously developed and maintained the world's largest trading system, and the technical team participated in the development and deployment of products and systems for Japan's licensed exchanges, obtaining trust licenses in Hong Kong and establishing asset management and wallet systems.

In October of this year, CoinTR also attracted five senior officials from Turkey's financial regulatory agencies to join, with former Deputy Minister of Finance and Financial Crimes Şakir Ercan GÜL serving as the Chairman of the Board of CoinTR, former Deputy Director of the Market Supervision Department of the Central Bank of Turkey Ali Eselioglu serving as the CEO of CoinTR, current Chief Advisor of the Central Bank of Turkey Ergün AKINCI serving concurrently as a board member of CoinTR, former Deputy President of Vakiflar Bank Mehmet Emin KARAAĞAÇ serving concurrently as a board member of CoinTR, and former Deputy Director of the Banking Regulation and Supervision Agency Yakup DEMİR serving as the Chief Compliance Officer of CoinTR. The concentration of such a large number of senior officials from regulatory agencies in one cryptocurrency exchange has led to speculation about the arrival of a "national team" exchange in Turkey.

As the public discourse around the "national team" exchange continues to ferment, CoinTR's proposal for building Turkey's blockchain-based digital financial infrastructure has received special attention from the Investment Office of the Turkish Presidential Office, and the call for creating a national blockchain infrastructure has been sounded again by CoinTR. In fact, as early as 2019, the Turkish government announced a plan to establish a national blockchain infrastructure, but due to the external economic environment and limitations in local blockchain technology development, the plan has yet to be implemented. It is hoped that CoinTR, as a local exchange in Turkey, can leverage its advanced blockchain technology and talent advantages to realize the planning of Turkey's national blockchain infrastructure, based in Istanbul, enhancing Turkey's core competitiveness in the global Web3 and digital finance fields.