Türkiye has become one of the world’s most active digital asset markets, and Ripple is positioning itself at the center of the country’s shift from retail speculation toward regulated institutional crypto infrastructure. According to Ripple, annual crypto transaction volume in Türkiye now approaches $200 billion, while cumulative inflows reached about $878 billion between 2021 and mid-2025. In early 2026, retail trading volume rose 7% year over year to roughly $40 billion, moving Türkiye from seventh to fifth in a global adoption index.
The regulatory environment has also strengthened. Law No. 7518, passed in July 2024, gave the Capital Markets Board authority over crypto assets. Secondary rules followed in March 2025, introducing licensing, minimum capital requirements and anti-money laundering obligations for crypto service providers. New custody rules took effect in June 2026, and Ripple said compliance remains an ongoing requirement for businesses.
Ripple is expanding its local footprint through institutional custody and stablecoin infrastructure. Garanti BBVA Kripto, the digital asset subsidiary of Garanti BBVA, uses Ripple Custody for retail custody, transfers, and on- and off-ramping. The platform supports bitcoin, ether and XRP, and the service was expanded after a successful pilot in 2023.
At the same time, Ripple’s dollar-backed stablecoin RLUSD is now listed on Turkish platforms including BiLira and Bitlo, providing dollar-linked liquidity to users and institutions. Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, said retail investors initially drove adoption amid currency pressure, but institutions are now following as regulation develops. He described Ripple’s approach in Türkiye as combining custody, compliance and stablecoin infrastructure for banks and exchanges.
