- Turkey’s Paribu Platform Announces Majority Acquisition of CoinMENA in a $240 Million Deal
- The acquisition stands as the largest in Turkey to date, aimed at expanding the global cryptocurrency sector.
Turkish digital-asset platform Paribu, a leading player in the crypto industry, has acquired a majority stake in CoinMENA, the Bahrain-based cryptocurrency exchange, in a deal valued at up to $240 million.
The acquisition marks the largest fintech transaction in Turkey and represents the first cross-border acquisition by a Turkish digital-asset platform, signaling a major step in the region’s evolving crypto landscape.
Yasin Oral, Founder and CEO of Paribu, said:
“This deal represents a turning point as we expand into the Middle East and North Africa. Through this acquisition, we aim to extend our regulated operations into a broader geographic footprint, becoming a licensed player in one of the fastest-growing crypto markets in the world.”
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