Paribu, Türkiye’s leading digital asset platform, acquired the largest digital asset platform of MENA.
Türkiye’s leading digital asset platform Paribu announced that it acquired CoinMENA, the largest local crypto exchange in the Middle East and North Africa (MENA), for 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, according to the annoucement. The deal also underscores the ongoing consolidation of the global digital asset industry, as established regional players seek greater scale, regulatory strength, and broader market reach. (By the way I have a story here about Paribu and their research on awareness of Turkish people about crypto currencies)
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.
Founded in 2020, CoinMENA serves 1.5 million customers
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 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.
