Turkish guarantee BBVA Kripto goes into partnership with Wyden

The infrastructure of Wyden for institutional trade in digital assets has been selected to support the GARGALITI BBVA Kripto for digital assets.

Wyden, a leading Swiss technology provider for institutional trade in digital assets, and guarantee BBVA Kripto – a subsidiary of Garreli BBVA, one of the largest banks in Turkey – have been received. The aim of the cooperation is to support the growing offer for trading digital assets for private and business customers of the institute.

The GARRENTI BBVA Kripto offer includes the trade in various cryptocurrencies and the trade of crypto trading pairs in Turkish lira and US dollar. The offer extends local market access to digital assets and offers Turkish investors a seamless and efficient trade experience.

State-of-the-art digital-asset infrastructure for an optimal customer experience

The platform offers access to various sources of liquidity that guarantee both optimal price determination and best execution to meet the new regulatory requirements. Wyden provides the central infrastructure for trading digital assets over the entire trading cycle, which enables Garrauti BBVA Kripto to optimize profitability, to manage liquidity and to secure risks and exposure. The bank's private and business customers benefit from a first-class user experience when trading cryptocurrencies.

The Wyden platform also supports the extensive risk management of GARRENTI BBVA Kripto by offering dynamic hedging mechanisms to manage limits and exposures.

“After we have introduced our efficient, scalable and legally compliant crypto trading offer for our private and business customers, Wyden's advanced technology gives us the flexibility and trust in operating and scaling in this emerging segment-and always keeping our regulatory and risk management priorities in mind. The focus of our customers and the requirements of the market. “ – Onur Güven, CEO Bei Garanti BBVA CRIPTO

Wyden CEO Andy Flury also expressed pleasure about collaboration. The partnership brings Wyden together with one of the most trustworthy financial institutions in the region and underlines the common commitment to safe, legally compliant and scalable digital assets.