EddieJayonCrypto

 3 Dec 24

tl;dr

Coinbase has decided to exit Turkey's crypto market and is liquidating its local operations after withdrawing its application with the country's financial regulator. The move comes after the company submitted a pre-application to operate in Turkey. The Capital Markets Board updated its liquidation l...

Coinbase is exiting Turkey's crypto market and liquidating its local operations due to regulatory challenges.

14 companies, including Coinbase, have filed for liquidation in Turkey, while 77 firms remain in the application process.

Binance and KuCoin previously removed Turkish language options from their platforms to comply with regulations.

Coinbase discontinued yield offerings on USDC for European users due to stablecoin regulation in the EU.

Coinbase plans to stop trading Wrapped Bitcoin (WBTC) by December 19, 2024, following an internal compliance review.

Despite international market shifts, Coinbase is actively engaged in influencing crypto policies in the United States.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 22 Dec 24
 22 Dec 24
 22 Dec 24