Coinbase has become a suitor for BtcTurk, one of the largest exchanges in Turkey, which is one of the hottest countries in the crypto currency market. Coinbase, which wants to start operating in Turkey, wants to buy BtcTurk. BtcTurk, the oldest cryptocurrency exchange in Turkey, is one of the 3 exchanges with the highest trading volume in the country.
The agreement, whose preconditions have been prepared, is thought to reach a value of around $3.2 billion. There is a possibility that part of the deal will be a stock swap.
Global Cryptocurrency Exchanges in Turkey
Bybit, Binance, OKX and FTX are global exchanges currently operating in Turkey. With the desire of Coinbase to enter this market, competition between exchanges will increase.
