Paribu acquires CoinMENA, the largest crypto exchange platform in the MENA region, for $240 million

Source: BTCHaber
Original Title: Turkey’s Largest Fintech Acquisition: Paribu Acquires CoinMENA for $240 Million
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Paribu, a provider of blockchain innovation products and services, has announced the acquisition of CoinMENA, the largest local crypto asset trading platform in the Middle East and North Africa (MENA) region, for up to $240 million. This transaction marks the largest fintech acquisition in Turkish history and the first international merger and acquisition in Turkey’s cryptocurrency industry.

Platform Background and Licenses

CoinMENA was founded in Bahrain in 2020 by Talal Tabbaa and Dina Sam’an, operating as a licensed crypto asset service provider through CoinMENA B.S.C. CoinMENA FZE, based in Dubai, has obtained a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA).

The platform has raised approximately $20 million in funding from investors including BECO, Arab Bank Switzerland, Circle, and Bunat Ventures. CoinMENA serves over 1.5 million users from more than 45 countries, supports trading of over 50 crypto assets, and offers trading pairs with the US dollar and eight local currencies including the Bahraini dinar, UAE dirham, and Saudi riyal. The platform also provides institutional-level services such as over-the-counter (OTC) trading.

Strategic Significance

Yasin Oral, founder and CEO of Paribu, stated that this transaction is significant not only for Paribu but also marks a milestone for the crypto asset and financial ecosystem in Turkey and the MENA region. He emphasized that Paribu, by taking this step, has become a licensed operator in the MENA region, further advancing its regional expansion goals.

Oral noted that the combination of Paribu’s technological infrastructure and CoinMENA’s regional expertise will provide regulated, fast, and secure financial services to millions of users in the MENA region, setting new standards for the region’s digital asset and financial ecosystem. He added that Paribu completed its platform and custody institution operating license applications in 2025 and obtained the establishment license for its fully authorized brokerage firm Paribu Yatırım Menkul Değerler A.Ş.

Joint Vision

CoinMENA co-founders Talal Tabbaa and Dina Sam’an stated that joining forces with Paribu will accelerate the growth momentum of the MENA crypto asset market. They plan to combine CoinMENA’s regional expertise with Paribu’s technological strength to develop a comprehensive financial product ecosystem for users in Turkey and the MENA region. The two founders said this acquisition is the most important turning point in CoinMENA’s history, validating the strength of the structure they have built, and that both parties will set new standards for accessibility and innovation in financial services in the region.

Disclaimer: This article does not constitute investment advice or a recommendation. All investment and trading activities involve risk. Readers should conduct their own research before making any decisions.