Turkey's Central Securities Depository (MKK) has implemented a transparency regulation for the crypto asset market. Data collected under the Crypto Asset Central Registry System (KVMKS) will be published on the institution's website every day.
MKK General Manager Ekrem Arıkan announced that crypto asset information recorded since last year has begun to be shared in line with the transparency principle. Arıkan said, 'As MKK, in line with our responsibility as a Data Storage Institution and the public interest we uphold, we have started making this data available to all market participants within the framework of transparency. Thus, we will ensure that the much-anticipated developments in crypto markets are monitored under MKK's assurance.'
Market size exceeds 140 billion lira
According to MKK data, as of July 15, 53 crypto asset service providers have completed the membership process. The number of investors who have traded on platforms to date has reached approximately 5.6 million. These investors hold around 1,500 different crypto assets in their accounts, with a current market value calculated at 140 billion 760 million lira.
Previously, the number of investors registered with MKK was around 4.8 million. Approximately 3.2 million of those investing in crypto assets are still active investors with balances. The number of new investors receiving a registration number from MKK for the first time was recorded as 797,696.
Data to be updated automatically every day
With the new system, transaction, balance, portfolio, and investor data on crypto platforms are recorded under MKK's assurance, while a detailed analysis infrastructure has also been activated. MKK will update the market data obtained through KVMKS every day after market close and make it available to investors.
The institution plans to share much more detailed crypto market data through the MKK Data Analysis Platform (VAP) in the coming period. It was reported that all this data will be automatically updated and shared with investors every day after market close.
