This week on “Tüm Zamanların En Yükseği” (The Highest of All Times) podcast series, sponsored by Paribu, Mert Fırat and İsmail Hakkı Polat hosted Yasin Oral, CEO of Paribu.
During the conversation which started with the question “What does it mean to be the transaction platform with the highest trading volume in Turkey?” and proceeded with the question “What does the World of Tomorrow look like?”, a lot of topics were discussed from an industrial viewpoint.
The regulation process may not take that long
When it comes to the position of Paribu in Turkish and world ranking, Oral threw some light upon the matter: “The trading volume of Paribu is over $1 billion. We are in the first 6 among the platforms trading in the same classification with us not only in Turkey but also in the world. When the regulation is imposed, the real ranking of the platforms will be revealed with the audits on trading volume and taxes.”
While the regulation, the popular topic of recent times, were discussed, İsmail Hakkı Polat asked about the progress of the regulation in Turkey. Oral gave information about the process and said: “It looks like some decisions are taken, and apparently the implementation will not take that long.”
In response to Fırat asking what is ideal for the investor in the regulation process, Yasin Oral responded as follows: “In the ordinary course of events, the technical and financial conditions for opening a platform should be determined and made definitive. Because here the large part of cryptocurrency trading takes place. It is such a delicate issue that sharp decisions may degrade all cryptocurrency flow to backstreet or abroad.” He also highlighted that it does not resemble any market regulated before.
Elucidating the status of Paribu from the viewpoint of government under current conditions, he expressed that the business model adopted by Paribu is bringing sellers and buyers together. He defined the mission of every platform of this kind as “storing the assets”. Additionally, he mentioned that with the regulation, it is possible that all platforms will be qualified as the intermediaries of the Capital Markets Board.
Turkish investors have started to consider cryptocurrencies and a field of trade
Dealing with the perspective to cryptocurrencies in Turkey, İsmail Hakkı Polat asked whether Turkish investors consider cryptocurrencies as investment tools or not. Oral gave a response as follows: “They considered, and a great deal of them still considers it as an investment tool. However, during the fluctuations experienced from time to time, they started to consider it as a field of trade.”
We can compete with many platforms in the world
Yasin Oral announced that, as Paribu, they plan to launch their own cryptocurrency, create their own blockchain, and open up to the world. He summed up his thoughts with these words: “There are certain reasons that we are so much preferred. I think that we have thoroughly investigated many problems of the users both in terms of the interface and the system. There is no other platform in the world to reach our level in this. I believe that we can easily compete with many platforms once we open up to the world.
You can watch the full podcast including interesting statements on Paribu and the industry from the link below.
Bu içerik en son 26 October 2022 tarihinde güncellenmiştir.