Coinbase Exits
Turkey• Турция’s
Crypto Market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта Amid Regulatory Changes
Coinbase has decided to exit Turkey• Турция’s crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта and is liquidating its
local operations after withdrawing its application with the country’s
financial regulator.
Reports indicate that the move comes just three months after the company
submitted a pre-application to operate in Turkey• Турция.
Coinbase Wants to Avoid Regulatory Challenges in Turkey• Турция’s crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
According to local reports in Turkey• Турция, the Capital Markets Board updated its
liquidation list last week. The list shows Coinbase’s withdrawal and
subsequent filing for liquidation.
Alongside Coinbase , 14 companies have filed for liquidation, while 77 firms
remain in the application process. Crypto platforms such as Binance, KuCoin ,
and OKX are included in the ongoing applications.
Sponsored
Sponsored
Binance and KuCoin previously removed Turkish language options from their
platforms and ceased marketing to Turkish users in September. Binance stated
that these actions were taken to align with Turkish regulations for foreign
crypto service providers.
Yapı Kredi Bankası s (YKB) Custody Application has been added to
the CMB s Crypto Asset Custodians List. However, there is another
interesting development: Coinbase, the giant that takes over the custody of
ETFs in the US• Экономика » Финансы » Платежные средства » Доллар США, has abandoned its plans to enter Turkey• Турция, Bloomberg
analyst Sevcan Ersözlü wrote on X (formerly Twitter).
In December, Coinbase discontinued yield offerings on USDC for European users.
The exchange attributed this decision to the European Union• Объект организация » Организации по алфавиту » Организации на Ев » Евросоюз’s Markets in
Crypto-Assets (MiCA) stablecoin regulation. Crypto Companies that have Filed
for Liquidation in Turkey• Турция. Source: Capital Markets Board of Turkey
Additionally, Coinbase announced plans to stop trading Wrapped Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin (WBTC)
by December 19, 2024, following an internal compliance review.
While Coinbase’s cbBTC token , with a $1.44 billion market cap, has seen
success in decentralized finance, WBTC’s team expressed disappointment over
the delisting, with users criticizing the exchange’s competitive strategy.
Regulatory Efforts are Ramping Up in the US• Экономика » Финансы » Платежные средства » Доллар США
Despite the shifts in international markets, Coinbase has been actively
engaged in influencing crypto policies in the United States• Соединённые Штаты Америки (США). The exchange’s
CEO, Brian Armstrong , reportedly discussed potential pro-crypto personnel
appointments with former President• Соединённые Штаты Америки (США) » Политика США » Политики США » Президент США
• Соединённые Штаты Америки (США) » Государственное устройство США » Президент США
• Политика » Политика США » Политики США » Президент США
• Государство » Государственное устройство США » Президент США Donald Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд.
He proposed SEC Commissioner Hester Peirce as Gary Gensler s
replacement, signaling a push for more crypto-friendly leadership at the SEC.
Gensler announced his resignation earlier in November, and his tenure will end
in January before Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд takes office.
Meanwhile, Coinbase’s global app ranking surged to ninth place in November,
coinciding with Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price rally. This rise in app downloads reflects
increasing retail interest in cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, which could drive higher trading
volumes and support broader market adoption.
ðBest crypto platforms in Europe | December 2024
eToro Explore
Bitpanda Explore
YouHodler Explore
Coinbase Explore
Margex Explore
ðBest crypto platforms in Europe | December 2024
eToro Explore
Bitpanda Explore
YouHodler Explore
Coinbase Explore
Margex Explore
ðBest crypto platforms in Europe | December 2024
eToro
Bitpanda
YouHodler
Coinbase
Margex
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to
unbiased, transparent reporting. This news article aims to provide accurate,
timely information. However, readers are advised to verify facts independently
and consult with a professional before making any decisions based on this
content. Please note that our Terms and Conditions , Privacy Policy , and
Disclaimers have been updated.