BtcTurk listing – and why you need a market maker to help you manage your liquidity there

We’re a leading market maker with a strong presence on top global and local crypto exchanges. Our algorithmic engine is integrated with BTCTurk, seamlessly ensuring 24/7 liquidity for digital assets of our partners.

We are integrated with BTCTurk, a well-known local exchange with a majority of its users coming from Turkey, we’ve experienced the benefits of its only organic trading. While BTCTurk focuses on listing the biggest and highest-volume tokens, this poses a challenge for startup projects aiming for a listing.

As an experienced market maker we understand the unique dynamics of the Turkish market and BTCTurk’s listing criteria. If you’re considering a listing on BTCTurk, we can guide you through the process, and help establish liquidity for your token.

We can assist your project in meeting the requirements of BTCTurk and reach the Turkish crypto community. Contact us for insights on the BTCTurk listing process and advice on the best strategy for your token.” Piotr Stawinski, Co-founder & Partnerships at Empirica.

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Facts about BtcTurk exchange

Being established in 2013, BtcTurk became the 1st crypto exchange in Turkey. After rebranding, the exchange is known as BtcTurk Pro. The platform is registered with the Istanbul Chamber of Commerce.

listing on btcturk

According to CoinGecko, at the time of writing (April 2024), this centralized cryptocurrency exchange provides its users with access to 106 coins and 215 trading pairs.

btcturk listing

Why list on BtcTurk

BtcTurk is one of the best exchanges in Europe in terms of organic investors seeking to trade with each other. It is a great platform to list your token on. However, BtcTurk is still catching up with the listing on the TOP 100 coins, so it is not easy to approach them and gain attention with your startup token.

BtcTurk’s score metrics

When choosing a venue for listing, it is important to check its reputation and general rank in comparison to other exchanges. A good choice is to check how CoinGecko, CoinMarketCap and Nomics rate the exchange.

CoinGecko uses Trust Score, a rating algorithm evaluating the legitimacy of an exchange’s trading volume. Trust Score is calculated on a range of metrics such as liquidity, scale of operations, cybersecurity score, and more. BtcTurk’s Trust Score is 7.

btcturk listings

CoinMarketCap’s Exchange Score is based on the following factors:

Web Traffic
Average Liquidity & Volume
the Confidence that the volume reported by an exchange is legitimate. Weights are assigned to the above-mentioned factors and a score from 0.0 to 10.0 is given to the Spot Exchange.

BtcTurk’s Exchange Score is 5.3

btcturk listing

Nomics’ metric is called Impact Score – and represents an exchange’s influence on the price of assets it trades. The score is a combination of web traffic, volume, and other factors.

BtcTurk’s Impact Score is 5.24.

Listing on BtcTurk

Listing requirements

When you apply for a listing on centralized exchanges, the legal team will examine your documentation, which usually includes the certificate of incorporation, legal id of team members, whitepaper, etc. In certain cases (like stable coins), they may require additional documents. You will be asked to provide key information about your token, team, and community. This information should persuade the exchange team that your token will be successful after listing. Take the time to do it well.

The project review consists of several key points:

Project Introduction: The token issuer should write a short summary of what the project does or fill out a form providing necessary project details and information for review by the exchange’s team.
Token Overview: This includes chain type (BSC, ERC, TRC, etc.), blockchain explorer, smart contract address, use of token, etc.
Token Economics and Fundraising: You will be asked to provide information about token distribution, token unlock schedule, or conducted token sales.
Marketing Strategy and Community: To check the user engagement and quality of business partnerships, the exchange will check community hubs with their main geographies. They check the website, Twitter, and Telegram channels, including the number of followers and likes per post. Projects should also introduce strategic partnerships with expected results.
Project Team: Introduce your team members with bio descriptions of the Founder/CEO and core members, including Linkedin profile links..
Listing Plan: Outline your plan for listing the token. If it’s not your debut, you’ll need to provide the exchange team with information on your existing markets and trading volumes on them.
Market Maker: You must specify a market maker who works with you and provides initial liquidity during the listing.

By addressing these points thoroughly, you increase the probability of the approval and entry into negotiations.

We help token projects get listed on BtcTurk. We can introduce you to their listing team and verify the communication channels to protect you against scams. We also can help you in the negotiation process and ensure liquidity for your token at the very first moment of your listing.

Listing fee

Most exchanges do not officially disclose listing fees, which can vary widely across different spots. Sometimes, exchanges may not charge anything for listing, while other times the fees can be substantial, with no upper limit. These amounts are always under NDA, so you probably will not find any credible information on them across the websites.

We can provide you with an overview of the listing costs on various exchanges based on our experience. Schedule a free consultation. We can discuss the best listing strategy for your token. You can consider our help in the fee negotiation process. As we have help many projects to get listed on BtcTurk you can count on us in this process.

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Listing on BTCTurk with our help

We can support you in listing your token and managing liquidity on BtcTurk and other exchanges. The usual process looks like this:

We set up a call to understand the phase of your project. The following points will be discussed:
- Are you already listed on DEXes or CEXes?
- What is the tokenomy of your project?
- Do you have a listing strategy for your token?
We discuss the best possible liquidity strategy for your project.
If we agree to set up a partnership, we introduce you to verified managers of one or more exchanges (listing support).
After your project gets listed on an exchange, we help you build your markets on platforms.

Why do I need a market maker?

Managing a token startup is a real challenge. As a cryptocurrency project, you need to focus on building your products and services and leave liquidity to market makers.

A market maker will help you:

deepen the liquidity on your token’s books and make them more stable – which helps mitigate the price fluctuations of your coin
lower spreads between bids and asks so that the prices get fairer for investors; that reduces the cost of entering and exiting positions and encourages investors to trade your coin

In the 24/7 cryptocurrency markets, well-managed assets are supported by algorithmic market makers. They provide liquidity through their market-making services, supported by fully automated software algorithms. Empirica’s liquidity products are reputable top-notch algorithmic market making solutions.

The example of the successful token listing supported by Empirica

Listing is more than just negotiating fees with an exchange and successful listings require active involvement of a market maker. We know how to go through this process smoothly. Today’s listing requires a comprehensive approach, and our services include extensive support in this area.

We are partnering with a web3 gaming startup that introduced a product with solid fundamentals and a clear use case. We supported token debuts on chosen centralized exchanges by providing initial deep liquidity for substantial trades from the first seconds it went public. Our role was to support token debut on three centralized exchanges as the only market maker responsible for listings.

The price increased up to 250% within the first week after listing, and remains stable after the first month. Since the listing, volumes have begun to rise significantly, reflecting a healthy market and good trading conditions (see the Price and Volume chart).

Learn more about our offering with sample case studies from our most successful projects-> here.

SCHEDULE AN APPOINTMENT WITH US TO DISCUSS THE LISTINGS AND BUILDING THE LIQUIDITY OF YOUR MARKETS

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FAQ

WHERE IS BTCTURK LOCATED?

The exchange is registered and headquartered in Turkey, Istanbul.

WHAT IS BTCTURK’S DAILY TRADING VOLUME?

As it was reported by Coingecko on October 12, 2022, the platform’s 24h trading volume was $115,489,418.

IN WHAT COUNTRIES IS BTCTURK AVAILABLE?

Although the key target audience of Bitkub is citizens of Turkey, users from other countries also have the possibility to comfortably use the services of the exchange. Residents practically of all the countries of the world are allowed to use BTCTurkif crypto trading is not considered to be illegal in their states.

WHAT IS A CENTRALIZED EXCHANGE (CEX)?

It is a digital asset marketplace using a similar business model to traditional asset platforms like stock exchanges.

Centralized crypto venues typically keep limit order books, which are lists of open buy and sell orders, consisting of volumes and prices. They match up buyers and sellers and announce current market prices based on the last price an asset sells for.

WHAT IS TOKEN LIQUIDITY?

This term refers to the ease with which tokens can be swapped for other assets (other crypto assets or government-issued fiat currencies).

WHO ARE MARKET MAKERS?

A market maker is a company or individual that regularly buys and sells financial assets at a publicly quoted price to provide liquidity to the financial or digital asset markets. Their role is to satisfy market demand. Market making is also used as a profit generation trading strategy by hedge funds.

WHAT ARE THE BEST EXCHANGES TO BE LISTED ON?

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