Narkasa

Narkasa, launched on July 1, 2020, is a centralized cryptocurrency exchange based in Istanbul, Turkey. It emphasizes support for Turkish Lira (TRY) deposits and withdrawals through integrations with local Turkish banks, providing a more accessible entry point for users in the region. Currently, Narkasa offers trading pairs for Turkish Lira, USDT, and Bitcoin (BTC), catering to diverse trading needs and preferences.

As of June 28, 2024, Narkasa has entered a transitional phase following its acquisition by Bybit TR, which has led to restrictions on trading activities on the platform. Users have been informed that they will no longer be able to carry out transactions on Narkasa, and a process for withdrawing remaining assets has been detailed. By April 1, 2025, the platform is scheduled for permanent closure, with existing users encouraged to transition their assets to Bybit TR by following specified procedures.

For clients with accounts on Narkasa wishing to transfer their assets, completing KYC verification through Bybit TR is essential. Users need to ensure that their identification matches existing records from Narkasa, and may need to reset their login credentials to establish a new account. It is recommended that users review the guidelines provided to facilitate the transfer of their remaining assets efficiently, as the completion of transfers may take additional time following KYC verification.