Turkex
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Date of Foundation
2023

Turkex

Innovative Turkish Cryptocurrency Exchange

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The Idea origin story

Turkex, located in Ankara, is a front-runner in the realm of cryptocurrency exchange with its swift trading engine for effective trades supported by superior liquidity. It provides exclusive multi-chain currency conversions and actively progresses towards creating its Turkex Chain blockchain. Its platform presents incentivizing referral systems with payouts in any preferred currency and enables simple fiat transactions through credit cards. Standing as a symbol of innovation, user-centricity, and market dominance - that's Turkex for you!

The Mission

"Turkex's vision is to redefine crypto trading with innovation and user-centricity. Our mission: deliver seamless trades, foster community growth, and lead in market excellence."

Clients

Customers could be individual crypto traders, institutional investors, and tech-savvy individuals.

Problems we solve

Client’s problem

Your startup can solve the challenges of slow trade execution, limited currency conversion options and complex referral rewards system in crypto exchanges. It may also address issues of limited fiat transaction methods and lack of user-centric features.

Confirmation of problem

The actuality of the problem is confirmed by the fact that many crypto users dread low liquidity, unclear navigation, and dubious listings.

Solution

"Turkex ensures quick navigation, high liquidity for efficient trading, unwavering security measures, and access to genuine investment products."

Our technologies

This solution is based on technologies

How it works

Turkex is a cryptocurrency platform that offers high liquidity trading, easy crypto swaps, secure asset protection, and simple fiat transactions.

Value for the client

"Turkex ensures optimal trading, high liquidity, robust security, quality listings and easy fiat transitions."

Market and strategy

Market size

1230000

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

5

% of the market

Is our goal in the next 3 years

Team

My name’s

Enes Turkum Yuksel

My key role in the product

"My key role is Startup Founder; I'm responsible for shaping strategy, driving innovation, fostering partnerships, and prioritizing user needs."

Team size and key members

currently 4 people in the core team with 18 people on the technology development side from dubai & india

Competitors

Competitors

Binance and OKX are global giants in crypto exchanges. BTCTurk and Paribu have a strong market presence in Turkey. They provide trading services like Turkex does in the crypto space.

Our Advantages

Turkex offers an intuitive, user-first platform and high liquidity. We feature a unique multi-chain conversion system and credit card fiat ramps, unlike some Turkish rivals. Committed to listing quality investment products, we steer users clear of dubious schemes.

Business model

Turkex's revenue comes from trading, withdrawal and possible listing or management fees. We may also charge for fiat conversions.

Traction

Turkex launched a swift trading engine and achieved high liquidity. Introduced multi-chain conversion, started developing Turkex Chain blockchain. Rolled out new referral system and integrated credit card fiat ramps.

Turkex's major costs are settled, ensuring sustainable operations. Even with high monthly expenses, our strong revenue and cost management enable product improvements and user experience enhancements amidst dwindling funds.

Metrics

PitchBob’s recommendation: We track DAUs, MAUs, trading volume & liquidity. Our focus is on user acquisition/retention rates, security incidents for protection. Higher referral sign-ups and efficient fiat-to-crypto conversions mark our growth.

Incorporation

Our company incorporated in

Ankara, Turkiye

Key risks

Turkex faces the risks of regulatory changes in crypto, evolving security threats due to crypto landscape shifts, market volatility and competition. We're well-prepared to tackle these challenges with our solid foundation.

Investments

$

450

We raised investments

Our Investors

Turkcorp is one of the main investors with 100% of all shares.

Rising Investments

$

1,500,000

Currently, we are raising investments

$

45000000

Estimated pre-investment valuation of the company

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We’re looking for a co-founders

Open positions

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Additional information

Turkex
Growth
Date of Foundation
2023