Overview
- Paribu announced the completed acquisition on December 5, valuing CoinMENA at up to USD 240 million.
- Through CoinMENA, Paribu gains active crypto licenses from the Central Bank of Bahrain and Dubai’s Virtual Assets Regulatory Authority.
- The companies say the deal marks Türkiye’s largest fintech transaction to date and the country’s first cross-border purchase of a digital asset platform.
- Founded in 2020, CoinMENA reports more than 1.5 million users across 45 countries, support for over 50 cryptocurrencies, and nearly USD 20 million raised from investors including BECO, Arab Bank Switzerland, Circle, and Bunat Ventures.
- Paribu frames the move as part of a compliance-led expansion strategy, following the 2024 launch of Paribu Custody and October 2025 authorization from Türkiye’s Capital Markets Board to establish a brokerage.