Wyden, a Zurich-based provider of institutional digital asset trading infrastructure for regulated institutions, has formed a strategic partnership with Garanti BBVA Kripto, a subsidiary of Garanti BBVA, one of Turkey’s largest banks.
The collaboration aims to enhance Garanti BBVA Kripto’s digital asset trading services for both retail and corporate clients.
Through the partnership, Garanti BBVA Kripto will offer trading pairs in Turkish Lira and US Dollar, alongside cryptocurrency-to-cryptocurrency trades.
This is expected to broaden local market access to digital assets and support a more seamless trading experience for Turkish users.
Wyden’s infrastructure integrates multiple liquidity sources to support optimal price discovery and best execution, in line with evolving regulatory requirements.
Acting as the core trading platform, Wyden enables Garanti BBVA Kripto to manage liquidity, hedge risk and exposure, and maintain operational efficiency.
The platform also addresses Garanti BBVA Kripto’s risk management needs through dynamic hedging mechanisms that manage trading limits and exposures.
“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,”
said Onur Güven, CEO of Garanti BBVA Kripto.
“As Garanti BBVA Kripto, we are going to constantly build towards the needs of crypto users and the industry.”
Andy Flury, CEO of Wyden, added:
“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.”
Featured image credit: Edited by Fintech News Switzerland, based on image by drobotdean via Freepik
