★ Company profile
Paribu Teknoloji Anonim Şirketi (Paribu for short) is a Turkish cryptocurrency trading platform founded on February 14, 2017 by Yasin Oral.
is headquartered in Istanbul, Turkey, Rüzgarlıbahçe Mh. Cumhuriyet Cd. No:3/1 Kavacık, Beykoz.
Paribu serves approximately 7 million registered users and supports the trading of 184 cryptocurrencies across 200 trading pairs.
According to the latest data, the 24-hour trading volume of the platform is $142.5 million, with the Bitcoin/Turkish Lira (BTC/TRY) being the most active trading pair.
Paribu also operates a custody company registered in Turkey and launched Paribu Custody, which provides digital asset custody services to institutional clients worldwide. The corporate structure includes a subsidiary, Paribu Ventures, focusing on blockchain, cryptocurrency, Web 3.0, and fintech investments, and the acquisition of Kriptomeda, a company that integrates blockchain-related media in Turkey.
★ Regulatory information
As a legally registered company in Turkey, Paribu is subject to regulations such as the Turkish Commercial Law, the Turkish Debt Law, and the Consumer Protection Law, paying taxes and issuing invoices in accordance with the law.
however, there are currently no specific regulations or licensing requirements for cryptocurrency trading platforms in Turkey, so Paribu does not hold a dedicated cryptocurrency license.
platform actively monitors global regulatory developments and aligns operational practices with the standards of leading countries. Paribu Custody works with Anti-Money Laundering (AML) and Counter Terrorist Financing solution providers to ensure compliance with digital asset regulatory requirements through a rigorous Know Your Business (KYB) process. The specific regulatory license or number was not publicly disclosed.
trading product ★
Paribu offers 184 cryptocurrencies to trade, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and more, mainly paired with the Turkish Lira (TRY), with a limited number of BTC/USDT trading pairs, but the TRY trading pair dominates.
platform does not support direct transactions between cryptocurrencies, users need to convert to TRY first.
Paribu is positioned as a fiat-to-crypto gateway that primarily serves Turkish users.
In addition, Paribu PRO offers advanced trading features, charts, and tools for professional traders. Supported order types include market orders and limit orders, catering to both novice and professional users.
Paribu Custody provides institutional clients with secure storage of digital assets, with plans to support the tokenization of real-world assets (RWAs) such as real estate and art in the future.
★ trading software
Paribu offers a web-based trading interface and iOS and Android mobile apps to provide users with a unified trading and asset management experience.
platform is designed with user-friendliness in mind, including a "Simple Buy/Sell" feature that simplifies trading through automatic order matching.
Paribu Custody provides an advanced API platform that allows institutional clients to develop custom trading processes and integrate systems.
Paribu PRO provides advanced charting and analysis tools for professional users.
mobile and web applications support high trading volumes and asset management reliability and synchronization, but integration details with third-party trading software are not disclosed.
★ deposit and withdrawal methods
Paribu supports fiat currency transactions in the Turkish Lira (TRY), depositing and withdrawing funds via bank transfers and popular payment methods in Turkey such as credit/debit cards. Users can deposit TRY into their account to buy cryptocurrency, and withdrawals will be processed in TRY.
international users (except for US users) will need to use a Turkish mobile number to complete the account setup. Users in the United States cannot access the platform.
specific information about the cryptocurrency deposit or withdrawal process, fees, or processing times is not disclosed in the available data.
★ customer support
Paribu provides round-the-clock customer support to assist users with issues such as accounts, transactions, and more through web and mobile platforms.
platform provides educational resources, including tutorials, articles, and guides to help users understand cryptocurrency trading.
support is specifically aimed at novice users and caters to the needs of its 7 million user base.
specific support channel (e.g., email, live chat, or phone) and response time are not specified.
★ core services and services
Paribu's core business is its cryptocurrency trading platform, which mainly provides fiat-to-crypto trading services to Turkish retail users, targeting both novice and professional traders. Launched in 2024, Paribu Custody provides secure digital asset storage and management services to institutional clients worldwide, including banks, financial institutions, crypto exchanges, DeFi platforms, and blockchain startups. Paribu Ventures is expanding its ecosystem by investing in blockchain, cryptocurrency, Web 3.0, and fintech startups. The acquisition of Kriptomeda strengthens its presence in the Turkish blockchain space by integrating media outlets such as BTCHaber, Coinkolik, and Cointelegraph Türkiye. The platform's focus on TRY liquidity and local market accessibility makes it unique in the Turkish crypto ecosystem.
technical infrastructure ★
Paribu's technology infrastructure includes self-developed ColdShield custody technology, which combines Multi-Party Computation (MPC), Secure Enclave® (SGX) and Hardware Security Module (HSM) to decentralize private keys in a separate environment, ensuring no single point of control and enhancing the security of Paribu Custody. The transaction and custody services are supported by an independent wallet system and an end-to-end security architecture, developed by an in-house engineering team. Paribu Custody's API platform allows institutional clients to customize the transaction process and selectively integrate blockchain networks and tokens to adapt to the development of the digital asset ecosystem. Mobile and web applications are designed with a focus on reliability and synchronicity, supporting high transaction volumes and asset management.
★ Compliance and risk control system
Paribu adheres to legal frameworks such as Turkish commercial law, tax law, and consumer protection law, despite the lack of specific cryptocurrency-specific regulatory regulations in Turkey. The platform implements strict security measures, including Know Your Customer (KYC), two-factor authentication (2FA), and mobile verification for withdrawals/account changes. Paribu Custody optimizes AML and AMF compliance through KYB processes and partnerships with AML solution providers, conducting regular risk assessments to address industry threats. Specific internal risk management frameworks or stress testing procedures were not disclosed.
★ Market positioning and competitive advantage
Paribu is positioned as Turkey's leading cryptocurrency exchange, leveraging local market advantages and TRY liquidity to serve retail users. Its user-friendly interface, round-the-clock support, and "easy buy/sell" feature appeal to newbies, while Paribu PRO is aimed at professional traders. Paribu Custody expands into the institutional market by competing with global custodians through ColdShield® technology and regulatory compliance. Limited by the TRY trading pair and the lack of cryptocurrency-to-cryptocurrency transactions, the platform is positioned as a fiat-to-cryptocurrency gateway. The acquisition of Paribu Ventures and Kriptomeda strengthens its comprehensive position in the Turkish blockchain ecosystem.
★ customer support and enablement
Paribu empowers users with round-the-clock customer support and educational resources (tutorials, guides, etc.) to simplify cryptocurrency trading. The mobile and web interfaces are designed with ease of use in mind, and the automated order matching feature is convenient for beginners. Paribu Custody provides customizable management features and API access to institutional clients. The 2021 Akademetre Survey shows an increase in user satisfaction in the Turkish crypto market, reflecting the effectiveness of Paribu's customer service. Specific programs for training for high-net-worth clients or advanced traders were not disclosed.
★ Strategic cooperation ecosystem
Paribu expands the ecosystem through strategic partnerships. In 2021, it partnered with Visa to launch the Paribu Card, which allows users to use cryptocurrencies for daily transactions, but subsequent developments have not been disclosed. Paribu Custody has partnered with top technology solution providers (name not disclosed). Paribu Ventures sponsors startup events such as Aposto's "Entrepreneur Thursday" series, which supports blockchain and fintech start-ups. Kriptomeda acquisition integrates Turkish blockchain media. No further details of cooperation with traditional financial institutions or payment institutions are available.
★ future roadmap
Paribu plans to build on the success of the Turkish market and expand its global business by developing its own blockchain network to drive the adoption of blockchain technology in Turkey. The Paribu Custody program supports tokenized real-world assets (e.g., real estate, art). The platform continues to monitor global regulatory developments to ensure compliance. The specific timeline or market entry strategy was not disclosed.
