Garanti BBVA Digital Assets, a subsidiary of Garanti BBVA, one of Turkey’s largest banks, plans to add Avalanche (AVAX) support to its Garanti BBVA Kripto mobile platform. This move signals Garanti BBVA’s investment and confidence in the cryptocurrency sector.
Cryptocurrency investment is gaining traction in Turkey. According to M. Çağrı Süzer, Chairman of the Board of Garanti BBVA Digital Assets, Turkey ranks among the top 5 countries globally in cryptocurrency trading, with a significant portion of this trading concentrated in a limited number of assets.
Garanti BBVA Digital Assets was established to address this need. The platform initially facilitated the transfer, storage, exchange, and trading of Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC) assets.
In response to strong customer demand, Garanti BBVA Digital Assets plans to add Avalanche (AVAX) support to its platform. This will enable AVAX holders to store and trade their AVAX through Garanti BBVA Kripto.
Garanti BBVA Digital Assets aims to expand its asset diversity and cryptocurrency portfolio in the future. By doing so, it intends to offer a wider range of investment options to cryptocurrency investors in Turkey.