Share this article
Turkish Crypto Firm Bitci Eyes Expansion Into Brazil, Spain: Report
The company aims to open a trading platform in Brazil next month with a Spanish one planned in March.
Updated May 11, 2023, 7:10 p.m. Published Jan 31, 2022, 1:17 p.m.
Turkish crypto firm Bitci is eyeing international expansion with Brazil and Spain being the first countries in line, CEO Onur Altan Tan said in an interview.
- The company is aiming to open a trading platform in Brazil next month with plans to open a Spanish one in March, Reuters reported on Monday.
- Bitci operates a crypto exchange and a mining facility and also offers fan tokens in partnership with major sports brands. Last year, the firm launched fan tokens for the national soccer teams of both Brazil and Spain to go along with numerous club offerings, including the English Premier League's Wolves and Scottish Premiership team Rangers.
- "We are opening a crypto exchange in Brazil because we have valuable assets there. We have released fan tokens of Brazil's national team and we have agreed with six other clubs," Altan Tan said.
- Brazil has been undergoing something of a crypto boom in recent months owing to inflation and devaluation of the Brazilian real.
- Last year, Bitci's native Turkey banned the use of crypto for payments. Nonetheless spiraling inflation and a nosedive in the value of the lira against the dollar has been healthy for the popularity of digital currencies.
Read more: Turkey President Erdogan to Send Crypto Law to Parliament: Report
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
What to know:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
Top Stories
