According to Bloomberg, the CEO of Turkey's largest cryptocurrency exchange, BtcTurk, is stepping down after seven years in the role as the company prepares for international expansion. Turkey has emerged as a significant market for cryptocurrencies, driven by high inflation and growing popular interest.

BtcTurk's outgoing CEO, Tibuk, announced plans to launch a global exchange targeting markets in Latin America, Africa, and the Asia-Pacific region. He expressed optimism about Bitcoin, the world's largest cryptocurrency, predicting that its prices will be higher than current levels due to what he described as a bull market.

In a separate phone call, Guneri, who will be focusing on international cooperation and global matters, shared his expectations for a dynamic final quarter and a promising 2025 for the cryptocurrency sector worldwide. Established in 2013, BtcTurk currently serves around 6 million users in Turkey. The company, managed by Elliptik Software and Trade Inc., is also developing an equity trading platform set to launch by the end of the year.