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Coinbase is planning to purchase crypto exchange BtcTurk in $3.2B deal: Report

04/21/2022

Less than a minute

2022.04.21 20:21

Coinbase is planning to purchase crypto exchange BtcTurk in $3.2B deal: Report

Major United States-based cryptocurrency exchange Coinbase (NASDAQ:COIN) is reportedly planning to purchase BtcTurk for $3.2 billion.

According to Turkish tech media outlet Webrazzi, which cited a Thursday report from Mergermarket, the two exchanges negotiated a price based on the market behavior of the Turkish lira and Bitcoin (BTC), arriving at roughly $3.2 billion. One or both of the two firms have reportedly already signed a term sheet.

04/21/2022

Less than a minute

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