regionalexpansion

Paribu Acquires CoinMENA for $240 M — Expands Into MENA, Eyes Regional Crypto Dominance

Turkish crypto-fintech giant Paribu has purchased majority control of CoinMENA for up to $240 million, in what’s now the largest fintech deal in Turkey’s history — and the country’s first cross-border acquisition of a digital-asset platform.

With CoinMENA’s existing licenses from Dubai’s Virtual Assets Regulatory Authority (VARA) and the Central Bank of Bahrain (CBB), Paribu instantly gains a regulated footprint across the Middle East and North Africa region. That means access to major markets and a broader user base beyond Türkiye.

For Paribu, this isn’t just expansion — it’s a power play. By combining Turkey’s leading exchange infrastructure with CoinMENA’s MENA-region reach, they’re building one of the few truly multi-jurisdiction, regulated crypto platforms across Europe, the Middle East and North Africa. This could reshape how exchanges operate cross-regionally and set a new benchmark for compliance-driven growth in crypto.
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