Paribu, Türkiye’s main crypto platform, has acquired CoinMENA for as much as $240 million. That is the biggest fintech deal in Turkish historical past. The transfer can also be Türkiye’s first cross-border acquisition of a digital asset platform. With this settlement, Paribu strikes past its home market and flies its flag straight into the fast-growing Center East and North Africa area.
Wu stated he has discovered that Turkish buying and selling platform Paribu has introduced the acquisition of CoinMENA, the biggest native cryptocurrency trade within the Center East and North Africa with a buying and selling valuation of as much as USD 240 million. The deal marks Turkiye’s largest fintech deal thus far. With this acquisition, Paribu will straight purchase the 2 licenses that CoinMENA obtained from Dubai VARA and the Central Financial institution of Bahrain. CoinMENA was based in 2020 and has over 20 scores.
— Wu Shuo Blockchain (@wublockchain12) December 5, 2025
Extra importantly, the acquisition provides Paribu quick entry to 2 key regulatory licenses. CoinMENA already operates beneath the approval of VARA in Dubai and the Central Financial institution of Bahrain. A shortcut to full regulatory protection adjustments the sport. As a substitute of ready years for brand spanking new approvals, Paribu can scale up rapidly.
CoinMENA brings belief to customers, licenses and areas
CoinMENA launched in 2020 and has rapidly grow to be probably the most trusted cryptocurrency exchanges within the MENA area. It presently serves greater than 1.5 million customers in 45 international locations. The platform helps over 50 cryptocurrencies and a number of native fiat currencies. The trade constructed its popularity round compliance and schooling. This has made it engaging not solely to customers but in addition to regulators and international buyers.
CoinMENA beforehand raised almost $20 million from backers together with Circle, Arab Financial institution Switzerland, and Bunat Ventures. Now that the belief of the area has moved beneath the roof of Paribu. The businesses plan to mix Paribu’s expertise and safety stack with CoinMENA’s native experience. The aim is easy. Constructing probably the most strongly regulated crypto platforms in Türkiye and all the MENA.
Paribu’s growth technique turns into a actuality
Paribu has been secretly getting ready for such a transfer. In 2024, it launched Paribu Custody, Türkiye’s first devoted digital asset custody service. In October 2025, the Turkish Capital Market Fee permitted Paribu to determine a securities firm. So this deal did not simply occur out of the blue. Matches a transparent playbook. First, construct robust native compliance.
Then, develop with laws because the core. Yassin Oral, CEO of Paribu, stated the partnership was a turning level. He stated the acquisition will make Paribu a regulated firm in one of many world’s most crypto-adopted areas. He additionally stated that this marks the start of a brand new chapter within the firm’s worldwide progress.
MENA Cryptocurrency progress meets Turkish fintech energy
CoinMENA founders Talal Tabbaa and Dina Sam’an stated the area’s crypto market is quickly maturing. They consider that Paribu’s help will assist speed up this progress with higher infrastructure and a broader product providing. The deal additionally displays broader adjustments within the business. Cryptocurrency exchanges have gotten consolidated. Small regional leaders at the moment are merging with deep-pocketed international corporations to outlive rising compliance prices and elevated regulation.
For Türkiye, the deal sends a transparent message. Particularly, native fintech corporations now not simply serve the native market. As a substitute, they’re now competing on a world stage. For the MENA area, it brings deeper liquidity, stronger expertise and new, stronger regulated operators. So, briefly, Paribu did not simply purchase an trade. You have purchased your self a passport to probably the most crypto-active areas. In consequence, $240 million is on the desk and the message that Turkey’s cryptocurrency has unfold to the world is heard loud and clear.
