Ak Investment Buys Majority Stake in Crypto Exchange Stablex

Akbank unit acquired majority of cryptocurrency exchange Stablex for an undisclosed sum, according to emailed statement.

• Ak Investment’s target is to rank Stablex among best known 3 cryptocurrency platforms in two years, according to Mert Erdogmus, CEO of Ak Investment and chairman of Stablex
• Stablex was founded in 2021

To contact the reporter on this story:
Ercan Ersoy in Istanbul at eersoy@bloomberg.net

To contact the editors responsible for this story:
Paul Abelsky at pabelsky@bloomberg.net;
Onur Ant at oant@bloomberg.net

Taylan Bilgic

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