Paribu has purchased CoinMENA, the leading crypto exchange in the Middle East and North Africa, for up to $240 million. This marks Türkiye’s largest fintech deal and its first cross-border acquisition of a digital asset platform, highlighting a significant step in Paribu’s regional growth strategy.
This acquisition occurs during a period of rapid consolidation in the global digital asset market, as established companies seek to enhance their scale, regulatory capabilities, and access to new growth areas. With this move, Paribu expands its reach from Türkiye into one of the most crypto-friendly regions globally.
By acquiring CoinMENA, which is licensed by Dubai’s Virtual Assets Regulatory Authority (VARA) and the Central Bank of Bahrain, Paribu gains two active digital asset licenses. This strengthens Paribu’s regulatory presence, making it one of the few operators with multi-jurisdictional licenses in the region, underlining its commitment to compliance-led growth.
Paribu remains a leading player in Türkiye’s digital asset and fintech sectors, following a strategic plan focused on regulatory compliance, product development, and market expansion. In 2024, Paribu introduced Paribu Custody, Türkiye’s first digital asset custody service with its proprietary security solution, ColdShield®. By October 2025, Paribu received authorization from the Capital Markets Board (CMB) to establish a brokerage, marking its entry into capital markets.
CoinMENA, founded in 2020 by Talal Tabbaa and Dina Sam’an, operates under Bahrain and Dubai regulations and has raised nearly $20 million from investors such as BECO, Arab Bank Switzerland, Circle, and Bunat Ventures. Currently, CoinMENA serves over 1.5 million users in 45 countries, offering access to over 50 cryptocurrencies and supporting various local currencies across the MENA region.
Yasin Oral, Paribu’s founder and CEO, commented: “This acquisition is a pivotal moment for Paribu and the digital asset sector in Türkiye and the MENA region. With this deal, we have broadened our licensed operations, becoming a regulated entity in one of the most crypto-adoptive markets in the world. We are proud to lead Türkiye’s largest fintech acquisition and its first international digital asset platform transaction.”
He continued: “CoinMENA, the leading local crypto exchange in the MENA region, is the perfect partner for our regional expansion. This step opens a new chapter in Paribu’s growth, enhancing our presence in the MENA region and contributing to the global digital asset industry’s consolidation.”
In a joint statement, CoinMENA co-founders Talal Tabbaa and Dina Sam’an stated: “The MENA digital asset market continues to progress, and our collaboration with Paribu will accelerate this growth. By merging CoinMENA’s regional knowledge with Paribu’s technology, we aim to create a comprehensive suite of digital asset products for users in Türkiye and the MENA region. This acquisition is the most significant milestone in CoinMENA’s journey. Paribu’s investment confirms the robustness of our platform, and together we aim to set new benchmarks for access and innovation in the region’s digital asset sector.”
For more details, please visit: www.coinmena.com
