PANews reported on December 5th that, according to Reuters, Turkish digital asset platform Paribu announced on Friday that it has acquired a majority stake in Bahrain and Dubai-based cryptocurrency exchange CoinMENA, valuing CoinMENA at up to $240 million. This transaction marks Turkey's largest fintech deal to date and its first cross-border acquisition of a digital asset platform. Paribu founder and CEO Yasin Oral stated in a press release that this deal is a "turning point" for Paribu's expansion into the Middle East and North Africa.PANews reported on December 5th that, according to Reuters, Turkish digital asset platform Paribu announced on Friday that it has acquired a majority stake in Bahrain and Dubai-based cryptocurrency exchange CoinMENA, valuing CoinMENA at up to $240 million. This transaction marks Turkey's largest fintech deal to date and its first cross-border acquisition of a digital asset platform. Paribu founder and CEO Yasin Oral stated in a press release that this deal is a "turning point" for Paribu's expansion into the Middle East and North Africa.
Turkish digital asset platform Paribu has acquired a majority stake in CoinMENA, valuing the latter at $240 million.
PANews reported on December 5th that, according to Reuters, Turkish digital asset platform Paribu announced on Friday that it has acquired a majority stake in Bahrain and Dubai-based cryptocurrency exchange CoinMENA, valuing CoinMENA at up to $240 million. This transaction marks Turkey's largest fintech deal to date and its first cross-border acquisition of a digital asset platform. Paribu founder and CEO Yasin Oral stated in a press release that this deal is a "turning point" for Paribu's expansion into the Middle East and North Africa.
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