Cryptocurrency exchange Coinbase is in talks to purchase one of Turkey’s oldest cryptocurrency exchange, BtcTurk, according to a Bloomberg report on Thursday.
The report cited a paywall-protected article published by MergerMarket, which said the deal could be so. worth About $3.2 billion (47.1 billion Turkish liras) on What five sources said.
a term The report stated that the paper had been signed and that the company was doing due diligence.
Coinbase and BtcTurk did not immediately respond to the requests for comment for Bloomberg.
Many crypto exchanges, including Binance, OKX, and Bybit are all set up operations in Turkey, which has seen increased interest in digital Recently tokens.
Founded by businessman Kerem Tabuk in 2013, later taken over By Ozgur Günery, CEO of QNB Finansinvest in 2018. The platform has around 4.5 million professional users. It’s Turkey first Cryptocurrency based on Turkish lira trading a program.
