Odaily Planet Daily News: Cryptocurrency exchange Coinbase has withdrawn its pre-application to enter the Turkish cryptocurrency market, with the specific reasons unknown. Turkey's financial regulatory body recently updated the list of companies applying for liquidation, confirming that Coinbase has withdrawn its application. Earlier this year, Coinbase joined the competition for operating in the Turkish cryptocurrency market. The Turkish QNB Bank's branch QNB Digital Assets withdrew its application along with Coinbase, joining Finceptor, Koinim, Stanfex, and XYZ Technology. Meanwhile, Bitfinex, Bitbns, Bitlo, OKX, and Rain Software are still seeking opportunities in Turkey by providing custody services through applications. The latest changes have increased the number of companies applying for liquidation in Turkey to 14, while 77 applicants are still in process. It is worth mentioning that in October, Binance announced it would terminate its retail referral program in Turkey to comply with local regulations. Turkey has tightened cryptocurrency regulation this year. Earlier this year, the government introduced comprehensive legislation to strengthen the regulation of digital asset exchanges. (Cryptonews)