Key Highlights:
- Paribu announces acquiring CoinMENA today, December 5, 2025.
- With this acquisition, Paribu gains access to two active licenses, one from Dubai and one from Bahrain.
- This is Paribu’s first overseas acquisition.
Paribu, a well-known Turkish crypto exchange, has announced acquisition of CoinMENA, the largest crypto exchange in the Middle East and North Africa (MENA) today, December 5, 2025. The entire acquisition was valued at up to USD 240 million.
Today marks an important milestone in Paribu’s global expansion. @ParibuCom is acquiring @CoinMENA in a transaction for up to $240 million, making it the largest fintech acquisition ever announced in Türkiye. (1/3) https://t.co/sujkueMZ9t
— Paribu Ventures (@ParibuVentures) December 5, 2025
This acquisition is also important because this is the largest fintech transaction in the history of Türkiye and this is actually the first time that a Turkish crypto firm has bought a foreign crypto-asset platform. Through CoinMENA, Paribu will now have access to two active digital-asset licenses, one from Dubai’s Virtual Assets Regulatory Authority (VARA) and another from the Central Bank of Bahrain.
Why Does This Deal Matter?
CoinMENA was founded back in 2020 by Talal Tabbaa and Dina Sam’an, and it has grown into a major player in MENA crypto space. It operates under full regulation, offering services from its headquarters in Bahrain and through its Dubai subsidiary.
The exchange already has more than 1.5 million users across 45 countries, supports more than 50 cryptocurrencies and is allowing local currency transactions. All of this has helped speed up crypto adoption across the MENA region.
Every crypto exchange now wants to expand its wings and enter new markets. Since regulations differ from country to country, exchanges prefer that they acquire licensed platforms instead of applying for licenses from scratch.
In this way these exchanges that are trying to expand their business get legal clearance to operate in a new region, they work with the same user base and the trust remains the same with the local investors. This acquisition of CoinMENA by Paribu is an example of the same trend.
Paribu’s First Overseas Move
Paribu was founded back in 2017 and it has managed to grow as Turkey’s most popular cryptocurrency platform with millions of users. In 2024, the platform launched Paribu Custody, a security system that is built using ColdShield’s multi-party computation technology to protect digital assets more safely.
Then in 2025, the platform received an approval from the Turkey’s Capital Market Board. With this approval, the platform could operate as an official cryptocurrency brokerage firm, a major step that strengthened its regulatory credibility.
The acquisition of CoinMENA is Paribu’s first overseas purchase, which indicates that the company is now focused on becoming a global player.
Paribu’s Founder and CEO, Yasin Oral, stated “With this acquisition, we have expanded our licensed operations to a broader region, becoming a licensed player in one of the world’s most crypto-adopted markets, and we’re proud to lead Turkey’s largest fintech acquisition and first international crypto deal. CoinMENA, the leading crypto exchange in the MENA region, is the perfect fit for us in our regional expansion. With this step, we’re entering a new chapter in Paribu’s growth journey, expanding our presence into the MENA region and carrying the global wave of crypto industry consolidation to new markets.”
Paribu’s acquisition of CoinMENA marks its first expansion outside Turkey and gives the company immediate regulatory access in Bahrain and Dubai. With CoinMENA’s licenses and regional expertise combined with Paribu’s technology and user base, the deal positions the Turkish crypto giant to scale rapidly across the Middle East and North Africa.
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