Paribu Acquires CoinMENA, The MENA Region’s Largest Crypto Exchange, In $240 Million Deal

The transaction marks Türkiye’s largest fintech deal to date and its first cross-border acquisition of a digital asset platform. It highlights the ongoing consolidation in the global digital asset industry, as established regional players pursue greater scale, regulatory robustness, and expanded market reach.

With the CoinMENA acquisition, Paribu expands beyond Türkiye into a high-adoption crypto region, gaining VARA- and Bahrain-licensed operations. The deal provides two active digital asset licenses, establishing Paribu as one of the few multi-jurisdiction regulated operators in the region and advancing its compliance-driven growth strategy into new markets.

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Paribu, one of Türkiye’s leading digital asset and fintech companies, follows a growth strategy centered on regulatory compliance, innovation, and expansion. With Paribu Custody and a newly authorized brokerage, the CoinMENA acquisition further positions Paribu as a multi-jurisdiction regulated operator and a regional fintech leader.

Founded in 2020 by Talal Tabbaa and Dina Sam’an, CoinMENA is a licensed crypto asset platform regulated in Bahrain and Dubai. With nearly $20 million in funding from investors including BECO, Arab Bank Switzerland, Circle, and Bunat Ventures, the platform serves 1.5 million users across 45 countries, offering over 50 cryptocurrencies and multiple local currencies.

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. We are proud to be leading Türkiye’s largest fintech acquisition and its first international digital asset platform deal.”

“CoinMENA, the leading local crypto exchange in the MENA region, is an ideal partner for our regional expansion,” Oral continued. “With this step, we are opening a new chapter in Paribu’s growth journey, extending our presence into the MENA region and contributing to the ongoing consolidation of the global digital asset industry, building on the strong foundation we have established in Türkiye.”

Talal Tabbaa and Dina Sam’an, Co-Founders of CoinMENA, said in a joint statement: “The MENA digital asset market continues to grow and mature, and joining forces with Paribu will help accelerate that momentum. By combining CoinMENA’s regional expertise with Paribu’s technology we are poised to develop a comprehensive suite of digital asset products for users across Türkiye and the MENA region. This acquisition is the most transformative milestone in CoinMENA’s history. Paribu’s investment validates the strength of what we have built, and together we aim to set new standards for access and innovation in the region’s digital asset space.”

About Paribu

Paribu Türkiye’s leading digital asset platform, drives growth through regulatory compliance, innovation, and geographic expansion. Launching Paribu Custody in 2024 and gaining CMB authorization for brokerage in 2025 the company strengthens its market position. The CoinMENA acquisition expands Paribu’s regulated operations into the high-adoption MENA region.

About CoinMENA

CoinMENA, a leading MENA crypto platform, empowers new and experienced investors with accessible digital asset options. Licensed by Bahrain’s CBB and Dubai’s VARA the platform offers competitive fees, high liquidity, and educational resources, aiming to be the simplest, most trusted gateway to the emerging digital economy in the region.