Kuantist, a cryptocurrency trading platform, has successfully completed a funding round with a valuation of $35 million. Although the exact amount of the investment was not disclosed, the round featured prominent participants including Latvia-based algorithmic trading specialist Gravity Team LTD, former CEO of Borsa Istanbul and ex-deputy governor of the Central Bank of Turkey Murat Çetinkaya, as well as former deputy CEO of Borsa Istanbul Alpogan Sabri Erdoğan.
Founded in 2021 and headquartered in Istanbul, Kuantist offers users a fast and easy cryptocurrency trading experience. Through the platform, users can buy and sell various digital assets such as Bitcoin and Tether, as well as perform seamless deposit and withdrawal transactions. Kuantist places great emphasis on user experience by providing 24/7 live support.
Serhat Yıldız, the company’s founder and CEO, commented after the funding round:
“Our entire mission centers on supporting the healthy and sustainable development of the cryptocurrency ecosystem in our country. In line with this, we continue to expand our team of highly skilled software developers and financial experts.”
He added:
“With this new investment, we will accelerate our efforts to develop innovative products and shape the future of the cryptocurrency sector in Turkey. Our strengthened capital structure and new partners clearly demonstrate both the trust our investors place in us and our own confidence in this sector and our country.”
This successful funding round highlights the growing interest in cryptocurrencies in Turkey and underscores the ability of local platforms to compete with international players.
