Coinzo, one of Turkey’s largest cryptocurrency exchanges, is terminating its digital asset trading services. The platform said its website will remain online in the next six months to allow users to withdraw their holdings in cryptocurrency and Turkish fiat money.

In a notice published on its website, the company stated: "We have decided to terminate our digital asset service provider (cryptocurrency platform) service". Coinzo is one of the five largest exchanges in Turkey. The crypto platform was registering close to 500 million lira (over $55 million) in daily trading volumes.

“Our support team will continue to provide solutions to our users’ problems during this process,” Coinzo added. It also assured that “all Turkish lira and crypto money assets belonging to our users are safe.” 

By Amy Liu