In a landmark deal for the region’s fintech landscape, CoinMENA, the largest local crypto exchange in the Middle East and North Africa, has been acquired by Türkiye’s leading digital asset platform, Paribu. The transaction, valued at up to $240 million, represents Türkiye’s largest fintech deal to date and its first cross-border acquisition of a digital asset platform.
A Landmark Cross-Border Transaction
The acquisition underscores a growing trend of consolidation within the global digital asset industry, as established regional players combine forces to achieve greater scale, regulatory strength, and a broader market reach. For Paribu, the deal marks a significant expansion of its regulated footprint from Türkiye directly into the high-growth MENA market.
Founded in 2020 by Talal Tabbaa and Dina Sam’an, CoinMENA has rapidly established itself as a key player in the region. The platform serves over 1.5 million users across 45 countries and has previously raised nearly $20 million in funding from prominent investors including BECO, Arab Bank Switzerland, Circle, and Bunat Ventures.
Strategic Expansion into MENA
Through this acquisition, Paribu gains access to CoinMENA’s active digital asset licenses from both Dubai’s Virtual Assets Regulatory Authority (VARA) and the Central Bank of Bahrain. This expanded regulatory footprint positions the combined entity as one of the few regulated multi-jurisdiction operators in the region, aligning with Paribu’s strategy of compliance-driven growth.
Yasin Oral, Founder and CEO of Paribu, commented on the strategic move, “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.”
A New Chapter for Regional Growth
The founders of CoinMENA view the acquisition as a transformative milestone that will accelerate momentum in the maturing MENA digital asset market.
“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.”
In a joint statement, CoinMENA Co-Founders Talal Tabbaa and Dina Sam’an said, “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 CoinMENA
CoinMENA aims to empower new and seasoned investors by providing accessible crypto asset investment options. Headquartered in Bahrain, the company is licensed by the Central Bank of Bahrain (CBB) as a crypto asset service provider and by Dubai’s Virtual Assets Regulatory Authority (VARA) as a broker-dealer virtual asset service provider. The platform is known for its competitive fees, high liquidity, and educational approach, positioning it as a simple and trusted digital asset platform in the region.
About Paribu
Paribu is Türkiye’s leading digital asset platform and a key player in the country’s fintech ecosystem. The company focuses on regulatory compliance, product innovation, and geographic expansion. In 2024, Paribu launched Paribu Custody, Türkiye’s first digital asset custody provider. In 2025, it was authorized by the Capital Markets Board (CMB) to establish a brokerage firm, marking its entry into capital markets.
Source: Zawya
