Paribu's $240M CoinMENA Deal Boosts MENA Footprint

- Paribu acquires CoinMENA for up to $240 million, enhancing its regulatory presence in Dubai and Bahrain. - The acquisition marks Turkey's largest fintech transaction and expands Paribu's compliance-driven global strategy. On December 5, 2025, Turkey’s leading crypto firm Paribu announced its acquisition of CoinMENA, the largest local cryptocurrency exchange in the Middle East and North Africa (MENA) region, in a deal valued at up to $240 million. This milestone transaction gives Paribu licensed operations in Dubai and Bahrain, thereby positioning the company as one of the few regulated multi-jurisdictional operators in the region. According to the December 5 announcement, this acquisition represents Turkey’s largest fintech deal to date. As a result of the agreement, Paribu will gain a broker-dealer virtual asset service provider license from Dubai’s Virtual Assets Regulatory Authority (VARA) and a crypto asset service provider license from the Central Bank of Bahrain (CBB). These regulatory approvals are critical to Paribu’s compliance-focused international expansion and will secure its standing as a leading digital asset platform in pivotal markets. In a statement on December 5, Yasin Oral, founder and CEO of Paribu, called the acquisition a "turning point" for Turkey’s digital asset ecosystem and the MENA region. He emphasized that the deal not only strengthens Paribu’s regulatory capacity but also integrates CoinMENA’s services into its operations, which will enhance the infrastructure and technological capabilities of the combined entity. Founded in 2020, CoinMENA serves over 1.5 million users across 45 countries and offers access to more than 50 cryptocurrencies. Paribu, established in 2017, continues to implement its multi-market growth strategy, with this acquisition marking a key milestone. By securing regulatory licenses and expanding its jurisdictional presence, Paribu takes a major step forward in its compliance-led business strategy. This move solidifies its status as an influential player in the global crypto landscape.