Turkey's Crypto Exchange Paribu Buys CoinMENA for Up to $240M
CoinDesk
Paribu acquired CoinMENA for up to $240 million, expanding its reach into the high-growth crypto markets of the Middle East and North Africa.Summary
Turkey's Paribu has acquired CoinMENA, a crypto exchange based in Bahrain with licenses in Bahrain and Dubai, for up to $240 million. This marks Turkey’s largest fintech acquisition and its first cross-border crypto deal. The acquisition provides Paribu with a regulatory foothold in key crypto hubs like Dubai and access to CoinMENA’s user base of over 1.5 million users across 45+ countries. CoinMENA supports trades in eight local currencies plus the U.S. dollar and has previously raised nearly $20 million from investors. The deal reflects a broader trend of consolidation within the crypto industry, with 95 M&A deals announced globally in Q3 2025 alone. Operations for both platforms will remain unchanged for now.
(Source：CoinDesk)