- Paribu acquires CoinMENA for $240M to access MENA region.
- This is Turkey’s largest fintech acquisition to date.
- The acquisition facilitates Paribu’s entry into regulated markets.
CoinMENA, a cryptocurrency exchange in the MENA region, has been acquired by Turkish platform Paribu for $240 million, marking Turkey’s largest fintech acquisition to date.
This acquisition grants Paribu regulated access to MENA markets, strengthening its presence amid increasing crypto adoption in Turkey and the Middle East.
Paribu’s $240M Acquisition: A Strategic Leap into MENA
Paribu, led by CEO Yasin Oral, acquired CoinMENA, obtaining licenses from VARA and CBB. This strategic action allows them to serve the crypto-adoptive MENA market. CoinMENA operates with over 1.5 million users across 45 countries. Paribu, established as Turkey’s leading digital asset platform, secures regional presence through this acquisition.
The transaction emphasizes expansion into regulated markets. Paribu desired broader geographic reach with regulatory compliance, highlighting MENA’s attractiveness for digital asset strategies. CoinMENA’s local expertise aligns well with Paribu’s ambitions, promising a comprehensive suite of digital asset services in the region.
– Yasin Oral, Founder and CEO, Paribu
Historical Significance and Future Prospects in Crypto Expansion
Did you know? Historically, Paribu’s acquisition of CoinMENA is Turkey’s first cross‑border digital asset platform deal, marking a pivotal movement in the regional fintech landscape.
Bitcoin (BTC) is priced at $89,553.34 with a market cap of $1.79 trillion and a 58.58% market dominance. Over the past 24 hours, BTC saw a 3.11% price drop, with trading volume hitting $62.41 billion, according to CoinMarketCap data.
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 03:31 UTC on December 6, 2025. Source: CoinMarketCapParibu’s expansion offers growth potential in both regulatory and technological dimensions. Their reach in the MENA region, backed by these new licenses, may catalyze innovation across the crypto and fintech sectors, aligning with historical trends of market consolidation and increased regulatory engagement.
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Source: https://coincu.com/news/paribu-acquires-coinmena-240m/

