Paribu Buys CoinMENA Majority Stake: $240M Valuation

Turkish cryptocurrency exchange Paribu announced on Friday that it has secured a controlling stake in CoinMENA, a digital asset platform operating out of Bahrain and Dubai. The deal places CoinMENA’s valuation at up to $240 million, reflecting the strategic importance of the acquisition.

A Landmark Transaction for Turkey’s Fintech Sector

This acquisition represents a historic moment for Turkey’s fintech industry. Not only is it the largest deal in the nation’s digital finance space to date, but it also marks Turkey’s first international purchase of a cryptocurrency platform, highlighting the growing global ambitions of Turkish fintech companies.

Strategic Vision for Middle East and North Africa

Yasin Oral, founder and CEO of Paribu, described the deal as a pivotal milestone for the company. He emphasized that the acquisition would serve as a gateway for Paribu’s expansion into the broader Middle East and North Africa region, signaling the platform’s commitment to growing its international footprint.

"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," he said.