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Home Bitcoin Wallet News

SAFEbit Ushers in a New Era of Trust in Turkey’s Crypto Market

Bitci, one of Turkey’s leading crypto exchanges, has announced that as of May 20 it will continue under the new name SAFEbit. Alongside changes in ownership structure, the company is undergoing a fundamental transformation in areas such as regulatory compliance, transparency, and user security.

by Arda
02/09/2025
in Bitcoin Wallet News
0

Bitci'nin Yeni İsmi SAFEbitGrowing regulatory pressure and rising demands for security-focused platforms have been reshaping the cryptocurrency industry worldwide. In Turkey, one of the most notable steps in this transformation is the rebranding of Bitci into SAFEbit, signaling a fresh start for the exchange.

Led by new investor Seyfi Şahin, SAFEbit aims to stand out not only with a new name but also with a renewed vision. By adopting Capital Markets Board (SPK)-aligned practices, publishing transparent wallet reports, and fully separating user funds from company resources, SAFEbit aspires to become one of Turkey’s first fully regulation-compliant crypto platforms.

Transparency at the Core of the New Management

A major part of the SAFEbit transition is the change in ownership. Entrepreneur Seyfi Şahin, with extensive experience in crypto and financial technologies, has acquired the entire company, becoming the new driving force behind SAFEbit. This change also reshaped the corporate structure: Emrah Aktaş was appointed as the new CEO, while former CEO Ahmet Onur Yeygün remains in the leadership team as Vice Chairman of the Board. This dual-leadership model balances continuity with new vision.

To tackle the industry’s trust issues, SAFEbit has introduced a strict transparency policy. The platform commits to keeping user assets entirely separate from operating funds, addressing one of the most common risks in crypto exchanges. Additionally, SAFEbit will publish monthly operational wallet reports, openly sharing asset status with its community—an uncommon level of openness in the market.

These steps position SAFEbit not just as an exchange but as a “secure digital finance platform”, designed to meet growing investor demand for both ease of trading and regulatory assurance.

Regulatory Alignment and Innovative Vision

One of SAFEbit’s most strategic goals is to build a crypto exchange model fully aligned with regulations. Even though Turkey does not yet have a finalized legal framework, SAFEbit has pledged to follow standards set by the Capital Markets Board of Turkey (SPK) and international regulators. This approach aims to strengthen investor confidence and ensure sustainable long-term growth.

SAFEbit also plans to go beyond the traditional role of a crypto exchange. The platform is evolving into a comprehensive digital finance hub, offering diverse products, advanced API integrations, low trading fees, and high liquidity for both retail and institutional investors. Technology upgrades in the user interface and transaction speed further highlight its user-first approach.

By focusing on user experience—from fast and secure trading to responsive customer support—SAFEbit is positioning itself as not just reliable, but also accessible and user-friendly.

Expanding Roadmap

SAFEbit’s vision is not limited to Turkey. The new management is developing global expansion strategies, targeting Europe, the Middle East, and North Africa (MENA). Features such as multi-language support, integration with local currencies, and regulatory compliance in different jurisdictions will help SAFEbit grow into a Turkey-based global crypto brand.

The company also emphasizes social responsibility. SAFEbit plans to launch financial literacy programs to help individuals better understand crypto markets and to partner with universities to provide hands-on experience for young talent. Community-driven initiatives are designed to position SAFEbit not only as an exchange but also as a driver of digital financial transformation.

About SAFEbit

Launched in 2025 through the restructuring of Bitci, SAFEbit represents a new generation of cryptocurrency exchange. It is defined not just by a name change but by a shift in vision—focused on compliance, transparency, and investor protection. The platform is committed to separating user assets from corporate funds, publishing monthly wallet reports, and supporting financial literacy.

Bitci, SAFEbit’s predecessor, gained international recognition through high-profile sponsorships with McLaren Formula 1, Wolverhampton Wanderers, the national football teams of Spain, Brazil, and Uruguay, Sporting Lisbon, and partnerships with the Turkish Basketball Federation and FIBA. While some agreements ended due to unmet obligations, these experiences have shaped SAFEbit’s new direction—one rooted in lessons learned, stronger governance, and a renewed ethical vision.

SAFEbit now seeks to position itself as a trust-based alternative in both Turkish and global markets, combining transparency, sustainability, and social contribution with its digital finance strategy.

Tags: BitciblockchainCrypto ExchangeSAFEbitTurkey
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