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The Major Cryptocurrency Exchange Announced Its Decision to Withdraw from the Turkish Market! "Withdraw Your Money by This Date!"
As part of the cryptocurrency regulation efforts carried out in Turkey, many obligations have been imposed on cryptocurrency exchanges, such as the requirement to register with the SPK.
In this context, as the deadline to meet the requirements of the SPK's secondary regulations approaches in about two weeks, disappointing news has come from a well-established exchange.
In the "List of Active Participants" published by the SPK, Bitfinex, which is among important exchanges like Binance Turkey, has decided to withdraw from Turkey.
Accordingly, Bitfinex, one of the most important and largest exchanges globally, has officially announced its decision to withdraw from Turkey.
In the official statement, it was noted that Bitfinex Turkey Cryptocurrency Asset Trading Platform has decided to terminate its activities as of 16/06/2025.
The exchange stated that withdrawal transactions can be made until July 16, 2025.
“Dear Customer,”
We regret to inform you that Bitfinex Turkey Cryptocurrency Asset Trading Platform has decided to cease its operations as of 16/06/2025.
This process is carried out in accordance with the Capital Markets Law No. 6362 and relevant subordinate regulations, and it is designed to protect the rights and interests of our users.
A new user account will not be able to be opened through our platform as of 16/06/2025.
Our existing customers will be able to convert their crypto assets into cash and perform cash and/or crypto asset transfer transactions until 16/07/2025.
As of 16/07/2025, unwithdrawn crypto asset balances will be converted to Turkish Lira at market value and transferred to the bank account reported by the user to the Platform."
*It is not investment advice.
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