Turkey's Paribu Acquires CoinMENA in Deal Valuing Up to $240 million
2025-12-05 08:30:14
Turkish digital asset platform Paribu has announced the acquisition of CoinMENA, the largest local cryptocurrency exchange in the Middle East and North Africa (MENA) region, at a valuation of up to $240 million. With this acquisition, Paribu will expand from the Turkish domestic market to the MENA region with high cryptocurrency adoption rate, and obtain two valid digital asset licenses issued by the Dubai Virtual Asset Regulatory Authority (VARA) and the Central Bank of Bahrain.
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