BtcTurk

The business model is built around operating regulated and unregulated trading venues that intermediate between users and financial or crypto‑asset markets. For crypto, the company provides order‑book trading, fiat on‑ and off‑ramps in Turkish lira, and custody (including majority cold‑wallet storage). For securities, its investment subsidiary acts as a brokerage, routing client orders to Borsa İstanbul and, for some products, US exchanges, and handling settlement and custody. Value is created by aggregating local retail demand, supplying liquidity, providing secure custody and compliant access rails, and offering digital self‑service trading interfaces.

Revenues arise from maker/taker and tiered volume‑based trading fees on crypto pairs, network withdrawal fees, equity brokerage commissions, and various service and settlement fees (such as FX and instant settlement options). Promotional zero‑commission campaigns are used to stimulate growth but are time‑limited and funded by other fee lines or cross‑sell economics. Ancillary value is created for developers and partners through APIs exposing market data and trading, indirectly supporting liquidity and fee volume.

BtcTurk is a Turkey‑based digital asset and securities trading group operated by Eliptik Yazılım ve Ticaret A.Ş. It runs crypto‑asset exchange platforms for retail and professional traders, along with a licensed investment arm that provides access to domestic (Borsa İstanbul) and selected international equity markets via mobile and web interfaces. Core products include a professional crypto trading platform, a simplified crypto buy/sell app, a stock‑trading app, and APIs for programmatic access to market data and trading.

The company generates revenue primarily from transaction fees and associated service charges on crypto and equity trades, as well as spreads and operational fees on custody, settlement, and international market access. Its direct customers are individual traders and investors in Türkiye, plus a smaller set of developers, algorithmic traders, and market‑data consumers who integrate via its APIs. It competes with other Turkish crypto exchanges and brokerages for local liquidity, order flow, and consumer investment activity.