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1h ago

Paribu Buys CoinMENA in Deal Valued Up to $240 Million

The purchase gives Paribu a regulated footprint in two Gulf hubs via CoinMENA's active licenses.

Paribu to acquire CoinMENA, MENA’s largest local crypto exchange, in a transaction valued at up to USD 240 million

Overview

  • The companies describe the acquisition as Türkiye's largest fintech transaction and Paribu's first cross‑border digital‑asset platform deal.
  • Paribu gains regulated access in MENA through CoinMENA's approvals from Dubai's Virtual Assets Regulatory Authority and the Central Bank of Bahrain.
  • CoinMENA contributes a user base exceeding 1.5 million across more than 45 countries and nearly $20 million in funding from backers including Arab Bank Switzerland and Circle.
  • Both firms said users should expect no immediate operational changes while integration and regulatory alignment take place.
  • The move advances Paribu's compliance‑focused expansion following the 2024 launch of Paribu Custody and an October 2025 authorization from Türkiye's Capital Markets Board to establish a brokerage.