Gate.TR Grows by 559%
Forex - Turkey, which is a leading country in the region in terms of cryptocurrency adoption, has also become a hub for global players in the cryptocurrency sector. Gate.TR, a cryptocurrency exchange that early recognized Turkey's potential and has operated with a commitment to full compliance with regulations from day one, is celebrating its second anniversary in Turkey.
In recent years, Turkey has transformed into a distinct and leading country in the region for cryptocurrency adoption, with widespread cryptocurrency acceptance and a dynamic blockchain community, catching the attention of global players. Gate.TR, which recognized Turkey's potential early on and completed its structure in accordance with the crypto law published on July 2, is also celebrating its second anniversary in the country.
Sharing evaluations regarding their second year in the country, Gate.TR CEO Kafkas Sönmez stated, “Turkey stands out from other countries in the region as a place where the crypto ecosystem is vibrant and active, and cryptocurrency adoption increases every year. We are closing a year where we localized Gate.TR’s fundamental values according to the dynamism of the Turkish market and brought our commitment to regulatory compliance to life from the very beginning.”
User numbers increased by 559%, and transaction volumes grew by 270%.
Kafkas Sönmez indicated that the most significant agenda for the cryptocurrency sector in Turkey throughout 2024 will be regulation, stating, “With the legal framework that became apparent following the principles published by the Capital Markets Board (CMB) and which came into effect on July 2, users in Turkey have embraced crypto assets more than expected. Gate.TR, which promised 100% compliance with regulations from day one, collaborated with competent authorities in the resolution of legal cases, contributed to the preparation of the bill with its insights, and effectively communicated all these activities to its users, is finishing 2024 with strong growth figures for these reasons. Since the beginning of 2024, Gate.TR has experienced a 559% increase in user numbers and a 270% increase in transaction volumes.”
“Gate.TR owes its success in Turkey to trust.”
Recalling that Gate.TR was established in 2022 and provides the opportunity to trade cryptocurrencies against the Turkish lira in over 200 pairs, Kafkas Sönmez said, “In a sector where competition is increasingly intensifying, we prioritize maintaining close contact with our users. Our Turkey team has always been accessible since our establishment. Our team engages with thousands of users who reach out to us via social media every day. We host almost weekly physical events, bringing our community together on the ground. All of this supports trust in every sense, and we owe our success in Turkey to this trust.”
“We adopt a community-focused approach.”
Stressing that they built their communication strategies in Turkey around trust and community, Kafkas Sönmez stated, “We view investors as our friends, not just users. Especially in a market like Turkey, characterized by a young population, high technology adoption, and peaks in interest in investment tools, we believe that the way to communicate Gate.TR’s next-generation financial universe lies in a sincere and community-focused approach. Above all, innovation and technology need to be conveyed in simple, straightforward, and sincere terms. As Gate.TR, we believe we have achieved this in our two years in Turkey.”
“Our focus for 2025 is on uninterrupted innovation.”
Kafkas Sönmez emphasized that Gate.TR is making extraordinary efforts to reach every corner of Turkey through physical and online events and community meetings, concluding with the following remarks: “As Gate.TR, we are completing our second year with a strong community and a recognition performance that exceeds expectations. In 2025, we will continue to focus on innovation. Positioned as a gateway to cryptocurrency and decentralized finance, we will remain by the side of cryptocurrency investors in the new year, together with our expert and active team, our deeply committed community, and the relentless pace of the blockchain ecosystem.”