Coinbase to leave Turkey after ending USDC yields in EU
Crypto exchange Coinbase is dropping out of Turkey’s crypto market and liquidating its Turkish operation after withdrawing its application with the country’s financial regulator. Türkiye Today reported that the country’s Capital Markets Board updated its company liquidation list last week. It noted that Coinbase had withdrawn its three-month-old pre-application and filed for liquidation. When asked to comment on the withdrawal, Coinbase told Protos it, “Continually assesses potential markets for expansion,” and that it “remains adaptive to evolving market conditions, regulatory landscapes, and our internal priorities.” CHART: How bitcoin and crypto are taxed across the G7 Read more: Coinbase to delist WBTC months after Justin Sun controversy A total of 14 companies have reportedly filed for liquidation and 77 firms are going through the application process . Some crypto companies that have applied include Binance, Kucoi, and OKX. Oddly enou...
