Paribu, Türkiye’s leading digital asset platform, has acquired CoinMENA, the largest local crypto exchange in the region, in a transaction valuing the company at up to US$240 million.
It is Türkiye’s largest fintech transaction to date and the country’s first cross-border acquisition of a digital asset platform.
With the acquisition, Paribu will expand its operations into the Middle East and North Africa (MENA) region, which has high crypto adoption.
Founded in 2020 by Talal Tabbaa and Dina Sam’an, CoinMENA is a licensed crypto asset service provider operating under Bahrain and Dubai regulatory authorities, which means 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-jurisdiction operators and supports its strategy of compliance-driven growth into new markets.
In 2024, Paribu introduced Paribu Custody, Türkiye’s first and only digital asset custody provider, powered by its proprietary multi-layered security technology, ColdShield. In October 2025, the Capital Markets Board (CMB) authorised Paribu to establish a brokerage firm, marking its entry into the capital markets.
Paribu makes major regional move
The acquisition of CoinMENA further strengthens Paribu’s role as a regional fintech leader.
The Bahrain-headquartered CoinMENA has raised nearly US$20 million in total funding from investors, including BECO, Arab Bank Switzerland, Circle, and Bunat Ventures. The platform now serves more than 1.5 million users across 45 countries, offering access to over 50 cryptocurrencies and supporting multiple local currencies across 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 asset and broader finance ecosystem in Türkiye and the MENA region. With this acquisition, we have expanded our licensed operations to a wider geography and become 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 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, while building on the strong foundation we have established in Türkiye.”
CoinMENA Tabbaa and Sam’an, in a joint statement, said: “The MENA digital asset market continues to grow and mature, and joining forces with Paribu will help accelerate that momentum.
“This acquisition is the most transformative milestone in CoinMENA’s history. 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.
“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.”
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