Coinbase in Talks to Acquire BtcTurk, a Turkish Cryptocurrency Exchange

　　According to reports, Coinbase is in talks to buy Turkey's BtcTurk bitcoin exchange.

　　According to Bloomberg, Coinbase's action underlines the company's aspirations to grow its presence in developing nations.

　　The transaction is expected to be worth roughly $3.2 billion and is in the final stages of completion. According to Bloomberg, Coinbase has signed the term sheet and is conducting technical due diligence.

　　BtcTurk, which was founded in 2013, is one of Turkey's oldest cryptocurrency exchanges, with 4.5 million active members. According to CoinMarketCap data, BtcTurk has achieved $200 million in trade activity in the last 24 hours, compared to $179 million for its closest competitor, Paribu crypto exchange.

　　Providing Global Investors with the Opportunity to Participate in the Crypto Economy

　　Coinbase's latest acquisition comes after the company recently expanded its worldwide acquisition strategy to include Brazil.

　　Last month, Coinbase purportedly revealed plans to buy 2TM, the parent company of Mercado Bitcoin, a Brazilian Bitcoin exchange platform that is recognized as the largest crypto exchange in the Latin American region. Coinbase established an engineering hub in Brazil in November 2020 and posted various opportunities to strengthen its workforce in the region.

　　Coinbase purchased Agara, an AI-powered customer assistance company based in India, in November of last year. Coinbase debuted its crypto trading services in India earlier this month, and Agara's acquisition was critical to Coinbase's ability to serve its customers in India by making it easier for consumers to join the service and seek support.

　　Coinbase is widely regarded as one of the world's major cryptocurrency exchanges, both in terms of trade volume and user volume. It has taken measures to broaden its global footprint by acquiring and investing in significant exchanges in other countries.

　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

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