Türkiye’s leading digital asset platform, Paribu, has announced the acquisition of CoinMENA, the largest local crypto exchange in the Middle East and North Africa. The deal, valued at up to USD 240 million, marks Türkiye’s biggest fintech transaction to date and the country’s first cross-border acquisition of a digital asset platform.
The move signals a new phase of consolidation in the global digital asset industry, with Paribu extending its operations beyond Türkiye into two of the region’s most active and regulated crypto markets. Through CoinMENA—licensed by Dubai’s Virtual Assets Regulatory Authority (VARA) and the Central Bank of Bahrain—Paribu will gain two key regulatory approvals, positioning it as one of the few multi-jurisdiction regulated operators in the region.
Paribu CEO Yasin Oral called the deal a major milestone for both Türkiye and the wider MENA digital asset ecosystem. He said the acquisition expands Paribu’s licensed footprint into one of the world’s highest crypto-adoption regions and strengthens its long-term strategy driven by compliance, innovation, and global growth.
Paribu has emerged as a major force in Türkiye’s fintech space, recently launching Paribu Custody—powered by its proprietary ColdShield® security technology—and receiving authorization from Türkiye’s Capital Markets Board to establish a brokerage firm. Acquiring CoinMENA reinforces its evolution into a regional fintech powerhouse.
CoinMENA, founded in 2020 by Talal Tabbaa and Dina Sam’an, has raised nearly USD 20 million and now serves more than 1.5 million users across 45 countries with over 50 cryptocurrencies. Its founders said merging with Paribu will accelerate innovation and enable the joint development of advanced digital asset products tailored for Türkiye and MENA users.
The acquisition is being hailed as CoinMENA’s most transformative milestone and a validation of its strong regulatory foundations and regional expertise
