Paribu, Türkiye’s leading digital asset platform, has completed the country’s largest fintech acquisition by acquiring CoinMENA, the largest local crypto exchange serving the Middle East and North Africa. The transaction values CoinMENA at up to $240 million and marks Türkiye’s first cross-border acquisition involving a digital asset platform. The deal significantly expands Paribu’s regulated footprint, accelerating growth beyond its home market.
The acquisition enables Paribu to enter one of the world’s highest crypto-adoption regions, gaining access to licensed operations in both Dubai and Bahrain through CoinMENA’s existing approvals from the Dubai Virtual Assets Regulatory Authority and the Central Bank of Bahrain. The combined regulatory footprint positions Paribu among the few multi-jurisdictional operators in the region and aligns with the company’s compliance-focused expansion strategy.
Paribu has steadily evolved into one of Türkiye’s most prominent fintech companies, advancing into custody solutions and capital market activities in recent years. In 2024, the company launched Paribu Custody, Türkiye’s first institutional-grade digital asset custody provider built on its proprietary ColdShield security technology. In 2025, the Capital Markets Board approved Paribu’s establishment of a brokerage firm, expanding its reach across financial services. The CoinMENA acquisition strengthens its position as a regional leader with ambitions across multiple markets.
CoinMENA, founded in 2020 by Talal Tabbaa and Dina Sam’an, has grown into a dominant crypto asset service provider across the MENA region. Licensed in both Bahrain and Dubai, the platform serves more than 1.5 million users across 45 countries, giving users access to more than 50 cryptocurrencies and multiple local currencies. The company has raised nearly USD 20 million from investors that include BECO, Arab Bank Switzerland, Circle, and Bunat Ventures.
With two licensed entities and a rapidly expanding user base, CoinMENA now serves as a strategic gateway for Paribu’s regional expansion plans and a foundation for future product development across Türkiye and the broader MENA region.
KEY QUOTES:
“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, becoming a regulated player in one of the world’s most crypto adoptive markets. We are proud to be leading Türkiye’s largest fintech acquisition and its first international digital asset platform deal.”
“CoinMENA, the leading local crypto exchange in the MENA region, is an ideal partner for our regional expansion. 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.”
Yasin Oral, Founder And CEO Of Paribu
“The MENA digital asset market continues to grow and mature, and joining forces with Paribu will help accelerate that momentum. By combining CoinMENA’s regional expertise with Paribu’s technology, we are poised to develop a comprehensive suite of digital asset products for users across Türkiye and the MENA region. This acquisition is the most transformative milestone in CoinMENA’s history. Paribu’s investment validates the strength of what we have built, and together we aim to set new standards for access and innovation in the region’s digital asset space.”
Talal Tabbaa And Dina Sam’an, Co Founders Of CoinMENA
