Paribu Acquires Controlling Stake in CoinMENA

Paribu, Türkiye’s prominent crypto exchange, has acquired a majority stake in competitor CoinMENA, valued at up to USD 240 million, enhancing its footprint in the MENA region.

The acquisition marks Türkiye’s largest fintech deal, expanding Paribu’s regulatory reach and potentially reshaping the regional digital asset industry landscape.

Paribu Expands with CoinMENA Acquisition

Paribu has acquired a controlling stake in CoinMENA, a significant move in the cryptocurrency sector in Türkiye. This acquisition values CoinMENA at up to USD 240 million, reflecting burgeoning interest in digital assets.

This acquisition involves Paribu, Türkiye’s leading digital asset platform founded by Yasin Oral, and CoinMENA, co-founded by Talal Tabbaa and Dina Sam’an, extending operations into the MENA region under regulatory oversight.

Strategic Market Expansion

This move allows Paribu to expand its market presence significantly, with new licensed operations in Bahrain and Dubai. It emphasizes Türkiye’s fintech growth and strengthens its role in the regional finance ecosystem.

The MENA digital asset market continues to grow and mature, and joining forces with Paribu will help accelerate that momentum,” noted Talal Tabbaa and Dina Sam’an, Co-Founders of CoinMENA.

The financial implications suggest a shift towards more regulated and expansive crypto services, with potential increases in digital asset availability and cross-border fintech collaborations, impacting investor and consumer confidence positively.

Historical Impact in Fintech

Historically, the acquisition marks a landmark in Türkiye’s fintech narrative, potentially setting the stage for future international deals. By combining resources, Paribu and CoinMENA aim to enhance digital asset product offerings across diverse jurisdictions.

Yasin Oral, Founder & CEO of Paribu, commented, “This transaction is a turning point not only for Paribu but also for the digital asset and broader finance ecosystem in Türkiye and the MENA region. With this acquisition, we have expanded our licensed operations to a wider geography.”