Paribu, considered one of Turkey’s largest digital asset platforms, has acquired crypto change CoinMENA for as much as $240 million, marking the nation’s largest fintech acquisition and its first cross-border crypto deal, the corporate introduced on Friday.
CoinMENA, primarily based in Bahrain and working with licenses in each Bahrain and Dubai, is without doubt one of the prime native exchanges within the Center East and North Africa (MENA) area.
The acquisition provides Paribu a right away regulatory footing in jurisdictions which have turn out to be hubs for digital property, together with Dubai, which has been licensing crypto corporations underneath its Digital Belongings Regulatory Authority (VARA).
The transfer displays a broader wave of crypto trade consolidation. A complete of 95 mergers and acquisitions have been introduced globally within the third quarter of 2025 alone, in response to a report from Architect Companions.
By buying CoinMENA, Paribu positions itself as a licensed change, increasing right into a area that has been quickly adopting crypto. CoinMENA serves over 1.5 million customers in 45+ international locations, providing trades in eight native currencies plus the U.S. greenback. It has raised practically $20 million from traders together with Arab Financial institution Switzerland and Circle.
For now, customers of each platforms will see no change to operations, the corporations stated.