Türkiye’s leading digital asset platform, Paribu, has completed the country’s largest fintech transaction to date with the acquisition of CoinMENA, the Middle East and North Africa’s largest local crypto exchange, in a deal valued at up to $240 million. The acquisition marks Türkiye’s first cross-border digital asset platform deal and significantly expands Paribu’s regulated presence into high-growth MENA markets.
Founded in Bahrain by Talal Tabbaa and Dina Sam’an, CoinMENA is licensed by both Dubai’s Virtual Assets Regulatory Authority and the Central Bank of Bahrain. Through this transaction, Paribu gains access to two active regulatory licenses, positioning it among a small group of multi-jurisdiction regulated crypto operators in the region.
CoinMENA currently serves more than 1.5 million users across 45 countries, offering access to over 50 cryptocurrencies and supporting multiple local currencies. The platform has raised nearly $20 million in funding from investors including BECO, Arab Bank Switzerland, Circle, and Bunat Ventures.
Paribu has been aggressively expanding its regulated fintech footprint. In 2024, the company launched Paribu Custody, Türkiye’s first digital asset custody provider powered by its proprietary ColdShield security technology. In October 2025, it also received authorization from Türkiye’s Capital Markets Board to establish a brokerage firm.
Paribu Founder and CEO Yasin Oral described the acquisition as a turning point for both Türkiye and the wider MENA digital asset ecosystem, citing the strategic importance of becoming a regulated player in one of the world’s most crypto-adoptive regions. CoinMENA’s founders said the deal represents the most transformative milestone in the company’s history and will accelerate innovation and product expansion across both regions.
This transaction highlights the accelerating consolidation of the global digital asset industry as regulated regional leaders race to scale and expand internationally
