Coinbase Applies to the Authorized Institution to Operate in Turkey

According to the information on the CMB official website, Coinbase was temporarily included in the โ€œlist of those operatingโ€ to operate in Turkey.

In recent years, there have been claims that Coinbase would purchase BtcTurk, Turkey's largest cryptocurrency exchange. A sale figure of $3.2 billion was put forward.

However, there has been no new development regarding this sale since then.

The CMB recently made it a requirement for foreign cryptocurrency exchanges to register with the CMB in order to operate in Turkey.

*This is not investment advice.

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