Bodrum, October 10 (HNA) – Centurion&Co, owned by Ali Kassab from Dubai’s El Maktum Family, acquired 60 percent of ABStocks, the cryptocurrency exchange founded by AB Group Holding Chairman Muhsin Bayrak in 2021, and the new partnership emerged. The new company was called “ABC Exchange”.
According to the statement by AB Group Holding, Centurion&Co Dubai-UAE company purchased 60 percent of ABStocks for 40 million dollars, and AB Grup Holding reserved 20 million dollars of the revenue from this sale for investment.
The partnership between AB Grup Holding and Centurion&Co was introduced with a magnificent night held in Madnasa Türkbükü, one of the most important projects of AB Grup Holding, in Bodrum. For the promotion, members of the El Maktum Family moved to Bodrum with their private jets.
ABG Coin started trading on 10 exchanges
The partnership with Centurion&Co, which owns crypto asset trading exchanges in nine countries around the world, also opened ABG Coin, issued by AB Group, to international markets.
Stating that ABG Coin started to be traded on cryptocurrency exchanges in 10 countries of the world as of October 8 after the union, Muhsin Bayrak said, “With this union, a Turkish crypto asset took its place in the world market for the first time” and added:
“We place great value on this partnership and think that this partnership is very valuable for our country as well. ABG Coin will be offered for sale in an integrated manner with our own investments. We are currently investing 3.5 billion dollars in various countries around the world. As our investments increase in value, ABG Coin will also gain value.
“ABG Coin is definitely not like other coins. I think it is a revolution. No country in the world has Turkish cryptocurrency traded. With this partnership, a Turkish cryptocurrency has started to be traded for the first time. Moreover, it is traded in 10 countries. And I can sincerely say that; ABG Coin is the most reliable cryptocurrency in the world in my eyes.”
Reminding that ABStocks is the first investment they have made in technology as AB Group Holding, Bayrak said, “We are also proud that this investment has signed such an important partnership in a period of 1.5 years. As a group, we will continue to invest in technology.”
Stating that they have been in Bodrum for nearly 20 years, Bayrak said, “Our investments in Bodrum continue without slowing down. We opened Madnasa Türkbükü, which we are in, as of August 1st. We will prepare the Madnasa Summit for the next season.”
Turkey’s largest data storage centre is coming
Emphasizing that they are building a technology base designed by world-renowned architect Prof. Barbaros Sağdıç in the shape of the Turkish flag, Bayrak continued his words as follows:
“Turkey’s largest data storage centre will be here. We are trying to raise the technology base to the 100th birthday of our republic. We’re sure you’ll come up with some great ideas here. With the establishment of this base, we aim to reverse the brain drain rather than prevent it. We hope that our young people will also make good use of this opportunity we offer them.”