Yahya 
Cryptocurrency exchange Coinbase has submitted a preliminary application to the Capital Markets Board (CMB) to operate in Türkiye. The US-based exchange plans to officially enter the Turkish crypto market with this move.
Coinbase‘s entry into the Turkish market has the potential to offer local investors a wide range of crypto assets and advanced trading platforms. This development could also contribute to the expansion of Turkey’s crypto ecosystem.
Coinbase’s move towards Türkiye is seen as a reflection of the increasing interest in cryptocurrencies in the country. Turkey has experienced a significant increase in cryptocurrency usage in recent years, which has attracted the attention of global exchanges.
If the CMB accepts the application, it is expected that Coinbase’s services for cryptocurrency investors in Turkey will diversify, and competition will increase. However, there is no information yet on whether the application will be approved or how long the process will take.
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