Binance has announced on its website that users must have a verified Binance TR account by November 27, 2025, to continue trading Turkish Lira (TRY) pairs on Binance Spot. Unverified users will face access restrictions.
According to Binance’s official announcement, this update is part of the company’s commitment to regulatory compliance in Türkiye. The changes affect how TRY trading pairs are accessed on Binance.com. Only verified users of Binance TR will maintain uninterrupted access to TRY Spot trading pairs. This reflects a shift in fiat-on-ramp governance aligned with local supervisory frameworks. The notice clarifies that this update affects only TRY Spot trading and that users not eligible to open a Binance TR account, such as non-Turkish citizens, will still have alternative options like the Convert feature.
The same Binance support article states that users who do not complete verification and obtain a Binance TR account by the deadline will lose the ability to place TRY Spot orders on Binance.com after November 13, 2025. All remaining open orders from ineligible users will be automatically cancelled after November 27, 2025, providing a clear timeline for transition and compliance. Binance indicates that users already verified or who qualify as TRY fiat liquidity providers can continue trading without disruption, while non-eligible users can still manage TRY balances via Convert.
In the announcement, Binance encourages unverified users on Binance TR to begin registration and identity verification (KYC) from October 30, 2025, onward to meet the November-27 deadline. Once verification is completed, eligible users will regain access to TRY trading pairs on the main Binance platform. The communication emphasizes timely onboarding and notes that the update applies only to TRY Spot trading and not other trading modes.
According to Binance’s official About page, it is a global cryptocurrency exchange and blockchain ecosystem founded in 2017 by Changpeng “CZ” Zhao. The company provides spot, margin and futures trading, along with staking, savings and regional fiat services including localized entities like Binance TR. Its mission is building infrastructure that increases the freedom of money by offering accessible and secure blockchain-based financial products.
