Paribu has acquired CoinMENA, MENA’s largest local crypto exchange, in a transaction valued at up to USD 240 million

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Paribu has acquired CoinMENA, MENA’s largest local crypto exchange, in a transaction valued at up to USD 240 million

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. It also underscores the ongoing consolidation of the global digital asset industry, as established regional players seek greater scale, regulatory strength, and broader market reach.

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.

Paribu is among Türkiye’s leading companies in the digital asset and fintech sectors, pursuing a growth roadmap focused on regulatory compliance, product innovation, and geographic expansion. In 2024, Paribu introduced Paribu Custody, Türkiye’s first and only digital asset custody provider powered by its proprietary multi-layered security technology, ColdShield®. In October 2025, the Capital Markets Board (CMB) authorized Paribu to establish a brokerage firm, marking its entry into the capital markets. The acquisition of CoinMENA further strengthens Paribu’s role as a regional fintech leader.

Founded in 2020 by Talal Tabbaa and Dina Sam’an, CoinMENA is a licensed crypto asset service provider operating under Bahrain and Dubai regulatory authorities. CoinMENA has raised nearly 20 million USD in total funding from investors, including BECO, Arab Bank Switzerland, Circle, and Bunat Ventures. The platform now serves more than 1.5 million users across 45 countries, offering access to over 50 cryptocurrencies and supporting multiple local currencies across the MENA region.

Yasin Oral, Founder and CEO of Paribu, said:

Talal Tabbaa and Dina Sam’an, Co-Founders of CoinMENA, said in a joint statement:

About Paribu

Paribu is Türkiye’s leading digital asset platform and a key player in the country’s fintech ecosystem. The company pursues a growth strategy focused on regulatory compliance, product innovation, and expansion into multiple geographies. In 2024, Paribu launched Paribu Custody, Türkiye’s first and only digital asset custody provider powered by its proprietary multi-layered security technology, ColdShield®. In October 2025, the Capital Markets Board (CMB) authorized Paribu to establish a brokerage firm, marking its entry into the capital markets. With the acquisition of CoinMENA, Paribu extends its regulated operations from Türkiye into the MENA region.

About CoinMENA

CoinMENA, a leading player in the MENA region, aims to empower both new and seasoned investors by providing accessible crypto asset investment options and enabling them to participate in the emerging digital economy. Headquartered in the Kingdom of Bahrain, CoinMENA B.S.C. (c) is licensed by the Central Bank of Bahrain (CBB) as a crypto asset service provider (category-3). CoinMENA FZE, headquartered in the United Arab Emirates, is licensed as a broker-dealer virtual asset service provider (VASP) by Dubai’s Virtual Assets Regulatory Authority (VARA). With competitive fees, high liquidity, and an educational approach, CoinMENA aims to be the simplest and most trusted platform for digital assets in the region. For more information, please visit www.coinmena.com

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