BBVA Kripto chooses Wyden for digital asset trading infrastructure
Wyden, the leading provider of institutional digital asset trading infrastructure for regulated institutions, and Garanti BBVA Kripto, a subsidiary of Garanti BBVA, one of Turkey's largest banks, have announced a strategic partnership to support the growth of Garanti BBVA Kripto's digital asset trading offering to its retail and corporate customer base.
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Garanti BBVA Kripto will include both crypto trading pairs in Turkish Lira, US Dollar and trading between cryptocurrencies, expanding local market access to digital assets and creating a seamless and efficient experience for Turkish investors.
Best-in-class digital asset infrastructure for an optimal client trading experience
The platform incorporates different liquidity sources, ensuring both optimal price discovery and best execution to meet new regulatory requirements. Wyden acts as the central trading infrastructure allowing Garanti BBVA Kripto to optimize profitability, manage liquidity, hedge risk and exposure, whilst providing its retail and corporate customers with a superb client trading experience.
In addition to enabling best execution, the Wyden platform also supports Garanti BBVA Kripto's comprehensive risk management needs by delivering dynamic hedging mechanisms to manage both limits and exposures.
Onur Güven, CEO at Garanti BBVA Kripto, stated: 'As we build out our efficient, scalable, and compliant crypto trading offering for our retail and corporate clients, Wyden's advanced technology gives us the flexibility and confidence to operate and scale in this emerging segment - while always staying closely aligned with our regulatory and risk management priorities. As Garanti BBVA Kripto we are going to constantly build towards the needs of crypto users and the industry.'
'We are proud to collaborate with Garanti BBVA Kripto, a leading force in Turkish banking,' said Andy Flury, CEO of Wyden. 'This partnership Introduces Wyden to one of the region's most trusted financial institutions and underscores our shared commitment to safe, compliant, and scalable digital asset services.'
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