{"id":24617,"date":"2022-04-21T08:40:32","date_gmt":"2022-04-21T12:40:32","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=24617"},"modified":"2022-04-21T08:40:44","modified_gmt":"2022-04-21T12:40:44","slug":"coinbase-to-buy-turkish-crypto-exchange-btcturk","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/coinbase-to-buy-turkish-crypto-exchange-btcturk\/","title":{"rendered":"Coinbase in talks to buy Turkish crypto exchange, BtcTurk"},"content":{"rendered":"\n
Crypto exchange Coinbase<\/a> is reportedly in talks to purchase Turkish cryptocurrency exchange BtcTurk at a price of $3,2B.<\/h5>\n\n\n\n
\"Coinbase
Coinbase in talks to buy Turkish crypto exchange, BtcTurk<\/figcaption><\/figure><\/div>\n\n\n\n

Bloomberg reported on Thursday that cryptocurrency exchange Coinbase (COIN) is in talks to buy Turkey's BtcTurk,\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> citing a paywalled piece by MergerMarket.<\/p>\n\n\n\n

MergerMarket's five sources told Bloomberg that the deal might be worth roughly $3.2 billion. The corporation has signed a term sheet and is conducting technical due diligence.<\/p>\n\n\n\n

One of the individuals informed MergerMarket that at least part of the deal could involve a stock swap.<\/p>\n\n\n\n

Other crypto exchanges, such as Binance, OKX<\/a>, and Bybit, have opened offices in Turkey, where crypto has become a popular investment due to the depreciation of the local currency.<\/p>\n\n\n\n

According to Cumhuriyet, one of Turkey's major newspapers, BtcTurk is one of the country's oldest crypto exchanges, with 4.5 million pro users.<\/p>\n\n\n\n

According to CoinMarketCap data<\/a>, it had $200 million in trading activity in the last 24 hours, compared to $179 million for its biggest local competitor, Paribu.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto exchange Coinbase is reportedly in talks to purchase Turkish cryptocurrency exchange BtcTurk at a price of $3,2B. Bloomberg reported on Thursday that cryptocurrency exchange Coinbase (COIN) is in talks to buy Turkey’s BtcTurk, citing a paywalled piece by MergerMarket. MergerMarket’s five sources told Bloomberg that the deal might be worth roughly $3.2 billion. The […]<\/p>\n","protected":false},"author":12,"featured_media":24618,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[9307,150,1406],"class_list":["post-24617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-btcturk","tag-coinbase","tag-crypto-exchange"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/image-147.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=24617"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/24618"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=24617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=24617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=24617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}