BtcTurk Claimed To Be Acquired By Cryptocurrency Giant Coinbase!
According to the news of Webrazzi, which is based on industry sources, Coinbase rolled up its sleeves to buy BtcTurk. While it is reported that the value of the purchase may be at the level of $ 3.2 billion, Coinbase will break a new record if this purchase is realized.
BtcTurk, one of Turkey's largest cryptocurrency exchanges, came up with an ambitious news today. According to the news based on some hearsays by Webrazzi, BtcTurk managed to enter the radar of Coinbase, one of the largest crypto money exchanges in the world. It has been stated that Coinbase can buy BtcTurk.
While there was no statement from Coinbase or BtcTurk, Coinbase's recent country manager job posting for Turkey is evidence to support this news. It has been announced that the cost of the said purchase for Coinbase will be around $ 3.2 billion. According to the information obtained from sources close to the companies, part of this price may be paid in shares and the remaining part in cash.
The value of BtcTurk was actually up to 5 billion dollars.
In the talks in question, it was stated that the price of Coinbase's purchase of BtcTurk even increased to 5 billion dollars for a period. However, it was stated that with the depreciation of TL and the decrease in Bitcoin, this price decreased to 3.2 billion dollars. If the said purchase is realized, Coinbase will have made the largest purchase in its history.
Founded in 2012, Coinbase has a market capitalization of $33 billion today. The giant name followed and used by crypto money investors entered the NFT world as a first person by publishing its own NFT market the other day. Last year, the company offered the opportunity to buy cryptocurrencies with a credit or debit card in Turkey.