Paribu, Turkey’s leading digital assets platform, today announced the acquisition of CoinMENA, the largest local crypto exchange in the Middle East and North Africa (MENA), in a deal valuing the company up to $240 million.
The deal represents Turkey’s largest fintech transaction to date and the first cross-border acquisition of a digital assets platform in the country. It also highlights the ongoing consolidation of the global digital assets sector, as established regional players seek greater scale, greater regulatory strength and greater market reach.
With this acquisition, Paribu will expand its operations from its home market in Türkiye to a region with high crypto adoption. Through CoinMENA, the local entity licensed by the Virtual Assets Regulatory Authority (VARA) of Dubai and the Central Bank of Bahrain, Paribu will have access to two active digital asset licenses. This expanded regulatory footprint positions Paribu as one of the region’s few regulated multi-jurisdictional operators and supports its compliance-led growth strategy into new markets.
Paribu is among Turkey’s leading companies in the digital assets and fintech sectors, pursuing a growth roadmap focused on regulatory compliance, product innovation and geographic expansion. In 2024, Paribu introduced Paribu Custody, Turkey’s first and only digital asset custody provider, powered by its proprietary multi-layer security technology, ColdShield®. In October 2025, the Capital Markets Board (CMB) authorized Paribu to establish a brokerage company, marking its entry into the capital markets. The acquisition of CoinMENA further strengthens Paribu’s role as a regional fintech leader.
Founded in 2020 by Talal Tabbaa and Dina Sam’an, CoinMENA is a licensed crypto asset service provider operating under the regulatory authorities of Bahrain and Dubai. CoinMENA has raised nearly $20 million in total funding from investors including BECO, Arab Bank Switzerland, Circle and Bunat Ventures. The platform now serves over 1.5 million users across 45 countries, providing access to over 50 cryptocurrencies and supporting multiple local currencies in the MENA region.
Yasin Oral, Founder and CEO of Paribu, said:
“This transaction is a turning point not only for Paribu but also for the digital assets and finance ecosystem in Turkey 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 most crypto-adoptive markets in the world. We are proud to lead Turkey’s largest fintech acquisition and its first international digital asset platform transaction.”
“CoinMENA, the leading local crypto exchange in the MENA region, is an ideal partner for our regional expansion,” Oral continued. “With this milestone, we open a new chapter in Paribu’s growth journey, expanding our presence in the MENA region and contributing to the continued consolidation of the global digital assets sector, building on the strong foundations we have established in Turkey.
Talal Tabbaa and Dina Sam’an, co-founders of CoinMENA, said in a joint statement:
“The MENA digital assets market continues to grow and mature, and joining forces with Paribu will help accelerate this 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 in Turkey 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 of access and innovation in the region’s digital assets.”
About Paribu
Paribu is Turkey’s leading digital assets platform and a key player in the country’s fintech ecosystem. The company is pursuing a growth strategy focused on regulatory compliance, product innovation and expansion across multiple geographies. In 2024, Paribu launched Paribu Custody, Turkey’s first and only digital asset custody provider, powered by its proprietary multi-layer security technology, ColdShield®. In October 2025, the Capital Markets Board (CMB) authorized Paribu to establish a brokerage company, marking its entry into the capital markets. With the acquisition of CoinMENA, Paribu expands its regulated operations from Türkiye to the MENA region.
About CoinMENA
CoinMENA, a major player in the MENA region, aims to empower new and seasoned investors by providing accessible investment options in crypto assets and enabling them to participate in the emerging digital economy. Headquartered in the Kingdom of Bahrain, CoinMENA BSC (c) is licensed by the Central Bank of Bahrain (CBB) as a Crypto Asset Service Provider (Category 3). CoinMENA FZE, headquartered in the United Arab Emirates, is licensed as a Virtual Asset Services Provider (VASP) by the Virtual Assets Regulatory Authority (VARA) in Dubai. With competitive fees, high liquidity and an educational approach, CoinMENA aims to be the simplest and most trusted digital asset platform in the region. For more information, please visit www.coinmena.com
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