Turkiye's leading digital asset platform Paribu, 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 Turkiye'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 Turkiye 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.
