Turkish crypto firm Bitci is eyeing international expansion with Brazil and Spain being the first countries in line, CEO Onur Altan Tan said in an interview.
- The company is aiming to open a trading platform in Brazil next month with plans to open a Spanish one in March, Reuters reported on Monday.
- Bitci operates a crypto exchange and a mining facility and also offers fan tokens in partnership with major sports brands. Last year, the firm launched fan tokens for the national soccer teams of both Brazil and Spain to go along with numerous club offerings, including the English Premier League's Wolves and Scottish Premiership team Rangers.
- "We are opening a crypto exchange in Brazil because we have valuable assets there. We have released fan tokens of Brazil's national team and we have agreed with six other clubs," Altan Tan said.
- Brazil has been undergoing something of a crypto boom in recent months owing to inflation and devaluation of the Brazilian real.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.