The Competition Authority approved Paribu's acquisition of Coinmena. This move signals an important consolidation step in the Turkish cryptocurrency exchange sector. With the transaction, Paribu will expand its market share and strengthen its position in the crypto derivatives products sector. This structural change resulting from mergers and acquisitions in the industry is a noteworthy development in terms of exchange competition and service diversity.
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WalletDivorcer
· 13h ago
paribu is at it again, coinmena is gone just like that... But on the other hand, is such a merger really good or bad for retail investors?
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TerraNeverForget
· 12-13 17:12
paribu is acquiring coinmena... The speed of exchange integrations here in Turkey is really fast. But if this continues, will there only be a few major players left in the end?
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YieldHunter
· 12-13 02:17
consolidation plays never end well tbh... if you look at the data, these m&a moves historically spike TVL right before the rug. turkey exchanges? nah, i'm watching the correlation coefficient on their derivative volumes first lol
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LiquidationWatcher
· 12-12 15:51
Is Paribu playing PUBG again? That means more trading pairs, right? But won't derivatives have insanely high fees?
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DuckFluff
· 12-12 15:44
paribu has acquired coinmena... Another big fish eating a small fish story. The Turkish exchange scene is getting more competitive.
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SundayDegen
· 12-12 15:30
Paribu's acquisition this time is a wise move. Although CoinMENA is not large in scale, its derivatives resources can indeed fill the gaps.
The Competition Authority approved Paribu's acquisition of Coinmena. This move signals an important consolidation step in the Turkish cryptocurrency exchange sector. With the transaction, Paribu will expand its market share and strengthen its position in the crypto derivatives products sector. This structural change resulting from mergers and acquisitions in the industry is a noteworthy development in terms of exchange competition and service diversity.