In the latest development, leading crypto exchanges like Coinbase and KuCoin have applied for crypto licenses in Turkey.

Coinbase and KuCoin, two leading cryptocurrency exchanges, have applied for crypto licenses in Turkey, according to the latest update from the Capital Markets Board (CMB) of the country.

As of August 9, only 47 crypto exchanges had applied for the license, including Binance, OKX, and others. However, the latest update shows that several other major crypto exchanges have applied for the license, bringing the total number of applicants to 76.

The growing crypto market in Turkey has attracted attention from major players in the digital assets space. Notably, the recent wave of new license applications includes top crypto exchanges like Coinbase and KuCoin. This demonstrates the increasing interest of major players in establishing a presence in the Turkish market.

The latest surge in applications comes after Turkey implemented the “Law on Amendments To The Capital Markets Law” in early July. This regulatory move primarily targeted crypto asset service providers in the nation.

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