Coinbase to Buy Turkish Crypto Exchange BtcTurk for Almost $3.2 Billion

One of Turkey’s oldest cryptocurrency exchanges, BtcTurk, may soon be snapped up by Coinbase, the largest crypto exchange in the U.S. by trading volume.

BtcTurk is one of the most valuable crypto exchanges in the country, boasting 4.5 million users.

Coinbase is on a spree to open in every jurisdiction where cryptocurrency is legal, the company has said in the past. In March, Coinbase opened discussions for an acquisition of the $2.1 billion company 2TM, the parent company of Brazil’s largest crypto exchange, Mercado Bitcoin.

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