Crypto Exchange Paribu Acquires CoinMENA for $240M

Turkish cryptocurrency exchange Paribu has acquired CoinMENA, a Bahrain-headquartered digital asset platform, the largest locally regulated platform in the Middle East and North Africa. The deal, announced via a press release on December 5, 2025, values CoinMENA at up to $240 million. 

The move marks Türkiye’s biggest-ever fintech acquisition and its first cross-border purchase of a crypto platform. It also instantly positions Paribu as a regulated player across two high-growth crypto regions.

Scope of the Acquisition  

Paribu is a platform founded in 2017 that serves over 10 million users in Türkiye. It allows users to buy and sell cryptocurrencies using Turkish lira and offers custody services for their assets. CoinMENA was started in 2020 by Dina Sam’an and Talal Tabbaa. Since 2021, it has had full licenses from the Central Bank of Bahrain and, since 2023, from Dubai’s VARA. 

The platform offers trading in over fifty cryptocurrencies and supports local fiat currencies, including AED, SAR, and BHD. It currently serves more than 1.5 million users across forty-five countries and maintains Sharia-compliant operations. The $240 million valuation shows how well the existing business is doing and its potential for future growth together. 

The deal is part of a growing trend in which leading companies are merging to become larger entities. Paribu’s CEO, Yasin Oral, highlighted the scope of the acquisition. “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, building on the strong foundation we have established in Türkiye,” he said.

Impact and Market Implications

CoinMENA co-founder Talal Tabbaa called the deal an important milestone, noting their shared goal of raising industry standards. The deal allows Paribu to quickly use two important regulatory licenses without a long application process. CoinMENA receives new funding and gains Paribu’s technology and expertise from Turkey’s competitive market. 

Meanwhile, despite the acquisition, the company’s leaders stated there will be no immediate changes to the CoinMENA teams in Bahrain and Dubai, or to their services for users. In the next few quarters, the focus will be on improving shared liquidity and developing new products together. 

The acquisition links Turkey’s established crypto market with the growing crypto sector in the MENA region, which has clear regulations. The $240 million valuation shows how well the existing business is doing and its potential for future growth together. 

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