Paribu Acquires CoinMENA For $240M, Expanding In MENA

Türkiye’s leading digital asset platform Paribu today announced that it has acquired CoinMENA, the largest local crypto exchange in the Middle East and North Africa (MENA), in a transaction valuing the company at up to USD 240 million.

The deal represents Türkiye’s largest fintech transaction to date and the country’s first cross-border acquisition of a digital asset platform.

With this acquisition, Paribu will expand its operations from its home market in Türkiye into a region with high crypto adoption.

Through CoinMENA, the local entity licensed by Dubai’s Virtual Assets Regulatory Authority (VARA) and the Central Bank of Bahrain, Paribu will access two active digital asset licenses.

This expanded regulatory footprint positions Paribu as one of the region’s few regulated multi-jurisdiction operators and supports its strategy of compliance-driven growth into new markets.

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