Banks & Finance

Timur Turlov’s Freedom Bank app embraces option of crypto asset trading

Freedom Bank aims to implement cryptocurrency payments / Collage by Kursiv.media, photo editor: Dastan Shanay

According to Timur Turlov, the founder and majority shareholder of Freedom Holding Corp., the Freedom SuperApp will offer users the option to buy and sell crypto assets by the end of this year. He made this statement during a broadcast on the Freedom Broker Kazakhstan YouTube channel, presenting the company’s financial results for the past fiscal year.

Commenting on the question of whether Freedom Finance would cooperate with crypto exchanges, Turlov said that the company already has an agreement with Binance Kazakhstan, a cryptocurrency exchange registered with the Astana International Financial Centre (AIFC). As part of this cooperation, a fiat gateway has been established to facilitate the conversion of traditional currencies into crypto assets and vice versa.

«Freedom Finance Global has already obtained an AIFC license to provide cryptocurrency services, so I hope that our SuperApp will offer the option to buy or sell crypto assets soon,» the businessman underscored.

According to the results for the 2025 fiscal year (from April 2024 to the end of March 2025), Freedom Holding Corp.’s revenue amounted to $2.1 billion, up 23% year-on-year. The holding’s net profit rose to $84.5 million, while assets increased from $8.3 billion to $9.9 billion (+19% year-on-year).

The holding’s fee and commission income also increased, from $440.3 million to $505 million (+15%), driven by steady growth in the number of retail clients and their activity.

In May 2025, Freedom Finance overtook Kazatomprom in market capitalization as the company’s value reached $10 billion. Against the backdrop of the holding’s share price growth, Turlov’s fortune reached $7.2 billion, putting him ahead of Kaspi.kz co-owner Vyacheslav Kim as the richest person in Kazakhstan.