**Coinbase Withdraws from Turkish Crypto Market**

Coinbase has pulled its pre-application to enter Turkey's crypto market, as revealed by the Turkish Capital Markets Board. This move comes despite a surge of interest, with over 90 companies applying to enter the market in the past year. The reason for Coinbase's withdrawal remains unclear, and the company hasn't issued a public statement. However, a spokesperson emphasized Coinbase's commitment to adapting to market conditions and regulatory landscapes. Despite these withdrawals, Turkey remains a major player in the global crypto scene, ranking fourth in trading volume.