Paribu is Turkey's second-largest cryptocurrency exchange, founded in 2017 and growing to over 5 million registered users. MASAK-registered and offering Turkish Lira fiat integration, Paribu lists 400+ cryptocurrencies and has expanded its financial services ecosystem through a partnership with Paribu Bank — one of the most ambitious integrations of crypto and traditional banking services in the Turkish market.
About Paribu
Founded in 2017 in Istanbul by Yasin Oral, Paribu rapidly grew during Turkey's crypto adoption wave driven by TRY inflation and currency devaluation concerns. The exchange differentiated itself from BtcTurk by listing a broader range of altcoins and pursuing an ambitious banking integration strategy through Paribu Bank — positioning itself as more than just a crypto exchange but as a broader fintech platform for Turkish users.
Key Facts
| Item | Details |
|---|---|
| Founded | 2017 |
| HQ | Istanbul, Turkey |
| Regulation | MASAK registered |
| Users | 5 million+ |
| Listed Coins | 400+ |
| Fiat | TRY (Turkish Lira) |
| Banking | Paribu Bank partnership |
Key Features
400+ Coin Selection
Paribu lists over 400 cryptocurrencies — more than BtcTurk — making it the preferred Turkish exchange for altcoin investors seeking access to a wider range of digital assets in TRY trading pairs.
Paribu Bank Integration
Paribu's partnership with Paribu Bank represents one of Turkey's most ambitious crypto-banking integrations, allowing users to manage both traditional banking and crypto assets under a unified ecosystem — a significant product differentiator in the Turkish market.
Fee Structure
| Service | Fee |
|---|---|
| Trading fee | 0.15–0.2% |
| TRY deposit | Free |
| Crypto withdrawal | Network fee |
Pros & Cons
Pros
- 400+ coins — more than BtcTurk
- MASAK regulated
- 5M+ users
- Paribu Bank integration
- TRY fiat support
Cons
- Founded 2017 — less history than BtcTurk
- Turkey-only focus limits international use
- Turkish regulatory changes add ongoing risk
- TRY devaluation risk
Summary
Paribu is Turkey's second-largest crypto exchange, offering a wider coin selection than BtcTurk and ambitious banking integration through Paribu Bank. For Turkish altcoin investors seeking greater asset variety in TRY trading pairs, Paribu's 400+ listings and banking partnership make it a compelling domestic alternative. The choice between BtcTurk and Paribu largely depends on whether users prioritise exchange longevity (BtcTurk) or coin breadth and banking integration (Paribu).