Crypto Exchanges Rush to Turkey: Coinbase & KuCoin Seek Licenses

Crypto exchanges are flocking to Turkey in 2024, with major players like Coinbase and KuCoin applying for operational licenses.

Coinbase, valued at $60 billion, and KuCoin, serving over 25 million users, see Turkey as a strategic market with immense potential.

Turkey’s crypto adoption rate surged to 20% in 2023, making it a prime destination for exchanges seeking growth in the region.

Both exchanges aim to capitalize on Turkey’s favorable regulatory environment, boosting local crypto trading volumes.

Securing licenses in Turkey will enable these exchanges to offer tailored services to over 85 million potential users.

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