Paribu acquires CoinMENA in landmark $240 million deal

Paribu has acquired CoinMENA, the Middle East and North Africa’s largest local crypto exchange, in a transaction valued at up to $240 million. Türkiye’s leading digital asset platform now completes the country’s largest fintech transaction to date and its first cross-border acquisition of a digital asset platform, signalling a major step in its regional expansion strategy.

The deal comes at a time when the global digital asset industry is undergoing rapid consolidation, with established players seeking scale, regulatory strength, and access to new growth markets. With this acquisition, Paribu extends its operations from Türkiye into one of the world’s most crypto-adoptive regions.

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Through CoinMENA — licensed by Dubai’s Virtual Assets Regulatory Authority (VARA) and the Central Bank of Bahrain — Paribu gains access to two active digital asset licenses. This expanded regulatory footprint positions Paribu among the few multi-jurisdiction operators in the region, reinforcing its commitment to compliance-driven growth.

Paribu remains one of Türkiye’s top companies in the digital asset and fintech space, following a strategic roadmap built on regulatory alignment, product innovation, and market expansion. In 2024, the company launched Paribu Custody, Türkiye’s first and only digital asset custody provider powered by its proprietary multi-layered security solution, ColdShield®. In October 2025, the Capital Markets Board (CMB) authorised Paribu to establish a brokerage firm, marking its entry into capital markets.

Founded in 2020 by Talal Tabbaa and Dina Sam’an, CoinMENA operates under both Bahrain and Dubai regulatory authorities and has raised nearly $20 million from investors including BECO, Arab Bank Switzerland, Circle, and Bunat Ventures. Today, the platform serves over 1.5 million users across 45 countries, offering access to more than 50 cryptocurrencies and supporting multiple local currencies across the MENA region.

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."

He added: "CoinMENA, the leading local crypto exchange in the MENA region, is an ideal partner for our regional expansion. 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."

In a joint statement, CoinMENA co-founders Talal Tabbaa and Dina Sam’an said: "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."

For more information, please visit: www.coinmena.com