GeCrypto

GeCrypto is a licensed over-the-counter cryptocurrency exchange based in Tbilisi, Georgia. Founded in 2022, it bridges digital assets and local fiat currency for retail clients and businesses, offering cash withdrawals at its Marjanishvili Street office, instant transfers to Georgian bank accounts, and international wire settlements. Solana (SOL) is among the supported assets alongside USDT, Bitcoin (BTC), Ethereum (ETH), and USDC.

Background

GeCrypto launched in 2022 to serve a growing demand for crypto-to-fiat conversion in Georgia, a country that has positioned itself as one of the region's more transparent cryptocurrency jurisdictions. In October 2024, the company registered with the National Bank of Georgia as a Virtual Asset Service Provider (VASP), registration number 0018-9404, making it one of the first exchanges licensed under Georgia's formal VASP framework. Compliance requirements under that license include a full AML/KYC program, ownership vetting, IFRS-audited annual statements, and quarterly regulatory reports.

How It Works

Clients follow a three-step process:

1. KYC verification — submit a passport or national ID to satisfy AML requirements.
2. Place an order — select the asset pair and preferred settlement method (cash, local bank transfer, or international wire).
3. Receive funds — cash is available at the Tbilisi office within minutes; Georgian bank transfers settle the same day; international SWIFT, SEPA, or ACH transfers take one to three business days.

Rates are OTC rather than order-book-based, meaning larger transaction sizes attract better rates — an inversion of the typical exchange model. The Forbes Georgia profile notes that seven-figure transfers execute at a single locked rate, which matters for institutional or high-net-worth clients converting large crypto positions without slippage.

Supported Assets and Settlement

Cryptocurrencies accepted: USDT, Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, and other major assets.

Fiat currencies: Georgian Lari (GEL), USD, EUR, and AED.

Settlement channels:

• Cash pickup at the Kote Marjanishvili St office in central Tbilisi.
• Instant local transfers integrated with Bank of Georgia, TBC, and other major Georgian banks.
• International transfers via SWIFT, SEPA, and ACH (one to three business days).

Every transaction is accompanied by documentation — source-of-funds statements and transaction records — which is particularly relevant for real-estate buyers and businesses that need a paper trail for Georgian regulators or foreign counterparties.

B2B Services

GeCrypto operates a dedicated business desk for corporate clients, including retailers accepting cryptocurrency and financial institutions requiring stablecoin settlement. Services include large-volume crypto-to-fiat conversion, full legal compliance documentation, and an assigned account manager. The company has handled conversions for property buyers receiving funds in Georgian bank accounts the same day.

Metrics and Reputation

As of mid-2026, GeCrypto reports serving more than 10,000 active clients and describes itself as Georgia's largest OTC desk. It holds a 4.9 out of 5 rating on Google Maps from over 1,100 reviews and a 4.6 out of 5 verified score on Trustpilot. The company was featured in Forbes Georgia in August 2026 under the headline "Crypto at Scale: How GeCrypto Moves Big Money Without Friction."

Solana Connection

Solana (SOL) is listed as a supported trading pair (SOL/USDT) and is available for both purchase and sale through GeCrypto's OTC desk. For Solana holders in or relocating to Georgia, GeCrypto provides a licensed, fiat-compliant off-ramp without requiring a centralized exchange account in another jurisdiction.

Planned Products

According to the Forbes Georgia profile, GeCrypto is developing payment cards, business accounts, and named IBANs, which would extend its offering beyond spot OTC conversion toward broader financial infrastructure for crypto-native users in the Caucasus region.