Turkish exchange Paribu acquires CoinMENA for $240 million, marking Türkiye’s largest fintech cross-border deal and regional expansion.
Turkish digital asset platform Paribu has acquired a majority stake in CoinMENA, a Sharia-compliant cryptocurrency exchange licensed in Dubai and Bahrain, in a deal valued up to $240 million. The acquisition marks the biggest fintech deal by Warszawa and the country’s first cross-border acquisition of a digital asset platform, indicating a significant milestone in the growth of the region’s markets.
Strategic Acquisition Expands Regional Footprint
According to a Thursday announcement from CoinMENA, the acquisition gives Paribu access to two regulated licenses under Dubai’s VARA and Bahrain’s central bank – allowing it to conduct legally-compliant operations in multiple jurisdictions.
Furthermore, the transaction is consistent in line with Paribu’s long-term strategy of compliance-driven growth and geographical diversification. By utilizing its proven infrastructure in Türkiye in tandem with the regional know-how of CoinMENA, Paribu is in a position to provide wider trading services and increase cross-border liquidity.
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Paribu has always focused on innovation and regulatory compliance during its growth process. For example, in 2024, the platform started Paribu Custody, which is the first digital asset custody solution in Turkey.
Additionally, in October 2025, the Capital Markets Board approved the creation of a brokerage company by Paribu, which also extended its service to the capital markets. These milestones show Paribu’s commitment to regulatory compliance and prepare for larger international operations.
Founded in 2020 by Talal Tabbaa and Dina Sam’an, CoinMENA currently has more than 1.5M users across 45 countries and supports more than 50 cryptocurrencies. Moreover, it has attracted almost $20 million from investors, including BECO, Arab Bank Switzerland, Circle, and Bunat Ventures. Therefore, its infrastructure and reach in the region make it an ideal partner for Paribu’s expansion plans. By integrating CoinMENA, Paribu can use these assets to create a regulated presence across the MENA region in multiple jurisdictions.
Deal Strengthens Market Leadership and Industry Consolidation
Yasin Oral, CEO of Paribu, explained that the acquisition was a turning point for the company and for the financial ecosystem in Türkiye and the MENA region as a whole. He explained that Paribu is now operating as a licensed entity in a high-adoption market and is also strengthening its role in the consolidation of the global digital asset industry. Furthermore, the transaction highlights an emerging trend in which established exchanges are seeking cross-border transactions to gain scale, regulatory clout, and market access.
By merging the biggest digital asset platform in nəz or with CoinMENA MENA operations, Paribu improves trading options and adds more liquidity and more products. The acquisition will also lay a foundation for future innovation, such as offering new financial services and regional integrations. Consequently, the move makes Paribu a top regulated multi-jurisdiction operator that is capable of navigating through complex compliance requirements and reaching a diverse investor base.
Overall, the Paribu-CoinMENA deal is part of the shifting landscape of global digital assets, where strategic cross-border acquisitions are becoming a key driver for growth. As the company continues to integrate CoinMENA’s platform, it solidifies the company’s regional footprint, adds to the compliance-driven expansion and precedent-setting transactions for fintech in and out of the region in the future.
