Overview
Paritex is a Turkey based centralized exchange launched in 2019 - today it plays like a ghost town, untracked and likely shut down.
Introduction
Paritex began life as a crypto gateway for Turkish Lira and USD traders - now it barely registers anywhere.
Quick rise and purpose
It aimed to serve Turkish users with direct fiat pairs to major cryptocurrencies like BTC, ETH, XRP, and tether based options. It touted simple trading flows, local deposits, and straightforward fees.
What data tells us
Paritex is listed as untracked - no volume, no markets, no activity visible. Reserve and asset data are absent too. It feels like a listing left lingering with nothing behind it.
A troubling sign
Observers flagged it as possibly dead after the website entered maintenance mode and never recovered. It now sits in the category of abandoned exchanges.
Features that once shone
- KYC, AML protocols, and cold storage claims to signal security
- Support for both crypto to crypto and crypto to fiat trades
- Low flat fees - just 0.15 percent for makers and takers
- Fixed withdrawal fees: 0.0005 BTC, 0.5 XRP, 0.01 ETH
But fading fast
The interface and experience raised red flags - users described it as confusing or clunky. Some even labeled it a scam after delayed withdrawals.
Where it stands now
Paritex today is technically alive but practically invisible. It lacks volume, visibility, and activity. What remains is the domain, concept, and rumors of maintenance mode.
Strengths and warning signs
| Strengths | Weaknesses |
|---|---|
| Tailored to Turkish traders with TRY and USD support | No activity or volume across trackers |
| Low flat trading fees | Website stuck in maintenance limbo |
| Built in institutional procedures like KYC and cold storage | Poor user interface and reports of withdrawal issues |
| Likely inactive or defunct |
Final word
Paritex launched with focused intent - personalizing crypto access to Turkey. But now it is more of a memory than a platform. No data, no trades, just a listing that has not stayed alive. It is a reminder that building tools is not enough - trust, uptime, and real users matter most.