Turkish crypto exchange Paribu buys majority stake in competitor CoinMENA
0
0
Paribu has bought a majority stake in Dubai- and Bahrain-licensed CoinMENA in a deal valuing the exchange at up to $240 million.
Turkish crypto exchange Paribu has acquired a majority stake in CoinMENA, a Sharia-compliant cryptocurrency exchange licensed in Dubai and Bahrain.
According to a Thursday CoinMENA announcement, Paribu acquired a majority stake in CoinMENA in a deal valuing the company at up to $240 million. The company claims the transaction is Türkiye’s largest fintech deal to date and the country’s first cross-border acquisition of a digital asset platform.
Paribu said it plans to use the acquisition to scale its operations beyond its home market. CoinMENA obtained a license from Bahrain’s central bank in early 2021 and another one from Dubai’s Virtual Assets Regulatory Authority at the end of 2023.
0
0
从同一位置管理所有加密资产、NFT 和 DeFi 资产安全地关联您正在使用的投资组合，以开始交易。