Paribu buys CoinMENA in USD 240m deal as regional crypto markets consolidate

Turkey’s leading digital asset platform has completed the country’s largest fintech transaction to date, acquiring CoinMENA and extending its regulated operations into the Middle East and North Africa

Turkey has recorded its largest fintech transaction following Paribu’s acquisition of CoinMENA, the Middle East and North Africa’s biggest local crypto exchange, in a deal valuing the company at up to USD 240 million.

The move marks the country’s first cross-border purchase of a digital asset platform and reflects the consolidation gathering pace across the global crypto sector as operators pursue scale and regulatory coverage in multiple jurisdictions.

The acquisition extends Paribu’s operations beyond its home market into a region with some of the highest crypto adoption levels globally.

CoinMENA holds licences from Dubai’s Virtual Assets Regulatory Authority and the Central Bank of Bahrain, giving Paribu immediate access to two regulated markets at a time when authorisation has become a defining factor in the international expansion of digital asset platforms.

Paribu has been developing a broader financial services strategy built on compliance, product innovation and international reach.

Its recent milestones include the launch of Paribu Custody, described as Turkey’s first digital asset custody provider powered by its proprietary ColdShield security technology, and approval from the Capital Markets Board in October 2025 to establish a brokerage firm.

The addition of CoinMENA reinforces Paribu’s position among regional fintech operators seeking regulated multi-market status.

CoinMENA, founded in 2020 by Talal Tabbaa and Dina Sam’an, operates under regulators in Bahrain and Dubai and has raised nearly USD 20 million from investors including BECO, Arab Bank Switzerland, Circle and Bunat Ventures.

The platform serves more than 1.5 million users across 45 countries, offering access to over 50 cryptocurrencies and multiple local currencies across the MENA region.

Speaking about the acquisition, Yasin Oral, Founder and CEO of Paribu, said: “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. 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.”

In a joint statement, Talal Tabbaa and Dina Sam’an, Co-Founders of CoinMENA, added: “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.”

READ MORE: ‘Trump family’s crypto debut adds $5bn to fortune amid ethics row’. The launch of WLFI, a digital token issued by World Liberty Financial, delivers a paper windfall but sparks fresh scrutiny over the president’s role in shaping U.S cryptocurrency regulation.

Do you have news to share or expertise to contribute? The European welcomes insights from business leaders and sector specialists. Get in touch with our editorial team to find out more.

_{Main image: The acquisition of CoinMENA by Paribu, valued at up to USD 240 million, extends the company’s regulated operations into the Middle East and North Africa. Credit, Paribu.}