Türkiye’s digital asset platform Paribu has acquired CoinMENA, the largest crypto exchange in the Middle East and North Africa (MENA), in a deal valued at up to US$240 million.
The transaction marks Türkiye’s largest fintech deal to date and its first cross-border acquisition of a digital asset platform.
Through CoinMENA, which is licensed by Dubai’s Virtual Assets Regulatory Authority (VARA) and the Central Bank of Bahrain, Paribu will operate under two active digital asset licenses.
Paribu, a Turkish fintech firm, has pursued growth focused on regulatory compliance and product development.
In 2024, it launched Paribu Custody, Türkiye’s first digital asset custody service, secured with its proprietary ColdShield technology.
In October 2025, the Capital Markets Board authorised Paribu to establish a brokerage, marking its entry into the capital markets.
Founded in 2020 by Talal Tabbaa and Dina Sam’an, CoinMENA serves over 1.5 million users in 45 countries, offering access to more than 50 cryptocurrencies and supporting multiple local currencies.
The platform has raised nearly US$20 million from investors including BECO, Arab Bank Switzerland, Circle, and Bunat Ventures.
Yasin Oral, Founder and CEO of Paribu, said:
“This transaction is a turning point not only for Paribu but also for the digital asset and broader finance ecosystem in Türkiye and the MENA region. With this acquisition, we have expanded our licensed operations to a wider geography, becoming a regulated player in one of the world’s most crypto-adoptive markets.”
Featured image credit: Paribu
