Türkiye’s leading digital asset platform Paribu announced today its acquisition of CoinMENA, the largest local crypto exchange in the Middle East and North Africa (MENA) region. The transaction is valued at up to USD 240 million.
This deal represents Türkiye’s largest fintech transaction to date and its first cross-border acquisition of a digital asset platform. It highlights the ongoing consolidation within the global digital asset industry, as established regional players seek to expand their scale, regulatory standing, and market reach.
With this acquisition, Paribu will extend its operations beyond its home market in Türkiye into a region experiencing high crypto adoption. Through CoinMENA, which holds licenses from Dubai’s Virtual Assets Regulatory Authority (VARA) and the Central Bank of Bahrain, Paribu will gain access to two active digital asset licenses. This expanded regulatory footprint positions Paribu as one of the region’s few regulated multi-jurisdiction operators and supports its strategy of compliance-driven growth into new markets.
Paribu is a prominent company in Türkiye’s digital asset and fintech sectors, focusing on regulatory compliance, product innovation, and geographic expansion. In 2024, Paribu launched Paribu Custody, Türkiye’s first and only digital asset custody provider utilizing its proprietary multi-layered security technology, ColdShield®. In October 2025, the Capital Markets Board (CMB) authorized Paribu to establish a brokerage firm, signifying its entry into the capital markets. The acquisition of CoinMENA further solidifies Paribu’s position as a leading regional fintech entity.
CoinMENA, founded in 2020 by Talal Tabbaa and Dina Sam’an, is a licensed crypto asset service provider operating under the regulatory authorities of Bahrain and Dubai. The platform has raised nearly USD 20 million in total funding from investors, including BECO, Arab Bank Switzerland, Circle, and Bunat Ventures. CoinMENA currently serves over 1.5 million users across 45 countries, offering access to more than 50 cryptocurrencies and supporting multiple local currencies within the MENA region.
Statements from Leadership
Yasin Oral, Founder and CEO of Paribu, stated:
“This transaction is a turning point not only for Paribu but also for the digital asset and broader finance ecosystem in Türkiye and the MENA region. With this acquisition, we have expanded our licensed operations to a wider geography, becoming a regulated player in one of the world’s most crypto-adoptive markets. We are proud to be leading Türkiye’s largest fintech acquisition and its first international digital asset platform deal.”
“CoinMENA, the leading local crypto exchange in the MENA region, is an ideal partner for our regional expansion,” Oral continued. “With this step, we are opening a new chapter in Paribu’s growth journey, extending our presence into the MENA region and contributing to the ongoing consolidation of the global digital asset industry, building on the strong foundation we have established in Türkiye.”
Talal Tabbaa and Dina Sam’an, Co-Founders of CoinMENA, said in a joint statement:
“The MENA digital asset market continues to grow and mature, and joining forces with Paribu will help accelerate that momentum. By combining CoinMENA’s regional expertise with Paribu’s technology, we are poised to develop a comprehensive suite of digital asset products for users across Türkiye and the MENA region. This acquisition is the most transformative milestone in CoinMENA’s history. Paribu’s investment validates the strength of what we have built, and together we aim to set new standards for access and innovation in the region’s digital asset space.”
About Paribu
Paribu is Türkiye’s leading digital asset platform and a significant player in the country’s fintech ecosystem. The company focuses on regulatory compliance, product innovation, and expansion into multiple geographies. In 2024, Paribu introduced Paribu Custody, Türkiye’s first and only digital asset custody provider powered by its proprietary multi-layered security technology, ColdShield®. In October 2025, the Capital Markets Board (CMB) authorized Paribu to establish a brokerage firm, marking its entry into the capital markets. Through the acquisition of CoinMENA, Paribu extends its regulated operations from Türkiye into the MENA region.
About CoinMENA
CoinMENA is a prominent player in the MENA region, dedicated to empowering both new and experienced investors with accessible crypto asset investment options and enabling their participation in the emerging digital economy. Headquartered in the Kingdom of Bahrain, CoinMENA B.S.C. (c) is licensed by the Central Bank of Bahrain (CBB) as a crypto asset service provider (category-3). CoinMENA FZE, based in the United Arab Emirates, is licensed as a broker-dealer virtual asset service provider (VASP) by Dubai’s Virtual Assets Regulatory Authority (VARA). With competitive fees, high liquidity, and an educational focus, CoinMENA aims to be the most straightforward and trusted platform for digital assets in the region.