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Coinbase
Coinbase

Coinbase in talks to acquire Turkish crypto exchange Btc Turk

Coinbase is said to be in talks to buy the Turkish stock market BTC Turk. 

The deal, first quoted by Merger-Market and then BLOOMBERG, is reportedly likely to be close to $3.2 billion. The Block contacted both BTC TURK and COINBASE for information, but has not yet received a response. 

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Founded by Kerem Tibsuk in 2013, Btc Turk is one of Turkey’s most popular crypto exchanges with 4.5 million users and 850 employees. According to Turkish newspaper Cumhuriyet, it reached a transaction volume of $116 billion last year.

Last month, Bloomberg reported that 2TM, a Brazilian entity that controls Latin America’s largest crypto brokerage Mercado Bitcoin, is ready to buy. 

About Hama Amefiz

Amefiz is a professional blockchain, cryptocurrency and tech journalist, regular contributor to newsbsc.com who is writing analysis about the latest developments in the cryptocurrency and blockchain space.

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