By : JD News Editor
Jordan Daily – Türkiye’s leading digital asset platform Paribu said on Thursday it acquired CoinMENA, the largest crypto exchange in the Middle East and North Africa (MENA), in a deal valuing the company at up to $240 million.
The acquisition marks Türkiye’s largest fintech transaction to date and its first cross-border digital asset platform deal, reflecting ongoing consolidation in the global crypto industry.
Through CoinMENA, licensed by Dubai’s Virtual Assets Regulatory Authority and the Central Bank of Bahrain, Paribu gains access to two regulated entities, expanding its footprint into a high-adoption crypto region. The move positions Paribu as one of the few multi-jurisdiction regulated operators in the MENA region.
“With this acquisition, we have expanded our licensed operations to a wider geography, becoming 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,” Paribu CEO Yasin Oral said.
Founded in 2020 by Talal Tabbaa and Dina Sam’an, CoinMENA serves over 1.5 million users in 45 countries, offering more than 50 cryptocurrencies and multiple local currencies. The platform has raised nearly $20 million from investors including BECO, Arab Bank Switzerland, Circle, and Bunat Ventures.
Paribu, which launched Türkiye’s first digital asset custody provider Paribu Custody in 2024 and received authorization to establish a brokerage firm in 2025, said the acquisition strengthens its regional growth strategy and compliance-driven expansion into new markets.
CoinMENA’s founders called the deal “the most transformative milestone” in the company’s history.