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<p>Coinbase has announced significant adjustments to its global operations, including withdrawing from Turkey’s crypto market and halting USDC rewards in the European Economic Area (EEA), citing evolving regulatory frameworks.</p> 
<h2 id="coinbase-exits-turkey-adjusts-usdc-rewards-to-mica-compliance">Coinbase Exits Turkey, Adjusts USDC Rewards to MiCA Compliance</h2> 
<p>Coinbase withdraws Türkiye application amid market changes. Turkey's financial regulator announced that Coinbase has withdrawn its preliminary application to enter the country's cryptocurrency market.</p> 
<p>Coinbase was among 14 firms that filed for liquidation, including Qatar National Bank's Turkish subsidiary QNB Digital Assets.</p> 
<p>Other companies exiting Turkey include Finceptor, Koinim, Stanfex and XYZ Technology. However, firms such as Bitfinex, OKX, Bitlo, Rain Software and Bitbns continue to seek custody licenses, reflecting a mixed landscape for the country’s cryptocurrency market.</p> 
<p>Coinbase had shown interest in Turkey earlier this year, amid growing cryptocurrency adoption in the country. The company has not commented on its withdrawal.</p> 
<h2 id="usdc-rewards-end-for-eea-users">USDC Rewards End for EEA Users</h2> 
<p>Coinbase notified its users on Nov. 28 that it will be ending USDC rewards in the EEA starting Dec. 1, citing compliance with the Markets in Crypto Assets (MiCA) regulation.</p> 
<p>*This is not investment advice.</p> 
<p><b> Continue Reading: <a href="https://en.bitcoinsistemi.com/is-the-giant-cryptocurrency-exchange-leaving-the-turkish-market-application-withdrawn-here-are-the-details/">Is the Giant Cryptocurrency Exchange Leaving the Turkish Market? Application Withdrawn! Here Are the Details</a></b></p>

Is the Giant Cryptocurrency Exchange Leaving the Turkish Market? Application Withdrawn! Here Are the Details

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