NEWSROOM

Koindex announced that it started Turkish Lira transactions with zero commission.

*** This release is originally published in Turkish.
Google Translate Application translates the content you see on this page.***

ISTANBUL (TR) - Koindex, a global digital asset trading platform based in Japan, announced that it has started trading in Turkish Lira with zero trading commission. It is stated that Koindex will take care of the commission for deposits of 200 TL and above, while users will make crypto purchases with TL completely free of charge. This campaign will only be available for downloads with the PeP wallet.

“It will be possible to invest in traditional market products with TL”

Stating on the subject, Anthony D. Knode, CEO of Koindex said, “We started to serve with TL and for now we only provide purchasing services. We will soon be announcing many innovations for users to trade with TL. Users will not only be able to trade Bitcoin and other crypto, but also invest in other traditional market products such as stocks, futures, commodities, precious metals, forex through Koindex. The key point here is to share and distribute the fees from this commercial activity in a way that provides an additional income stream to those who own our own cryptocurrency, which we call KOIN. “

"Securing purchases to protect investors”

Stating that trading through Koindex has certain rules, Knode said, “Every monday, a price reset is made with the upper and lower limits of 10%. This is a system created to prevent pumping and discharging events and protect investors. It also encourages users to keep COINs for the long term. Once the fund is large enough, we aim to also offer buyback activities to maximize value for KOIN holders. We intend to remove these upper and lower price limits in the future, allowing KOIN to have its own new form of price discovery. I believe this will also maximize the benefit for KOIN owners. Thus, we will continue to progress towards becoming a global trading platform.”

About Koindex

Koindex, which started its operations on August 10, 2020 and whose main source of revenue is user transaction fees, is a registered digital asset exchange in Turkey. Koindex also has its own token called KOIN, which is designed to encourage users to participate in various features of the exchange, including revenue sharing (passive income). Koindex aims to grow in Turkey and expand globally to help the adoption of cryptocurrencies around the world.