NEWSROOM

As Turkey formalizes its crypto framework, OKX TR raises paid-in capital to 807 million TL, over five times the legal minimum, strengthening its long-term stake in the market.

OKX TR, the Turkish arm of global cryptocurrency exchange OKX, has raised its paid-in capital by 223% to 807 million TL, positioning itself as the highest-capitalized crypto company directly established in Turkey.

The move follows regulatory momentum in Turkey’s crypto landscape. Secondary legislation, which took effect in March 2025, clarified the legal framework and introduced a minimum capital requirement of 150 million TL for crypto exchanges. OKX TR’s current capital exceeds that threshold by more than fivefold.

“This capital increase was achieved through direct foreign investment, reflecting OKX’s long-term commitment to Turkey,” said Mehmet Çamır, Chairman of the Board at OKX TR. “We’re not just here to operate, we’re here to stay.”

From Entry to Leadership

OKX TR entered the Turkish market in May 2023, launching with 116 million TL in capital, well above any legal requirement at the time. By February 2024, it had introduced Turkey-specific products and platform features during a high-profile launch attended by OKX Global President Hong Fang.

In December 2024, the company increased its capital to 250 million TL, which was later raised again to 807 million TL following the release of new regulatory thresholds.

“We made our first investment at a time when there was no capital requirement. Raising it early was a sign of trust in the Turkish market,” Çamır added. “Our latest increase once again confirms our commitment—and we are proud to have achieved it via foreign direct investment.”

Positioning for the Regulatory Future

The capital hike aligns with an approaching deadline set by Turkish authorities: crypto asset service providers must complete license applications by 30 June 2025 to continue operations legally. OKX TR, already on the preliminary “Authorized Operators List,” is advancing its position with a series of strategic announcements signaling its intent to be a dominant force in Turkey’s regulated crypto sector.

The exchange’s growing presence also underscores Turkey’s emerging role as a potential crypto hub. Global players race to meet new compliance standards while tapping into a digitally engaged and youthful population.