Paribu to Acquire CoinMENA for Up to $240M, Expanding Turkish Digital Asset Platform into MENA with VARA and Central Bank of Bahrain Licenses

Paribu, Turkey’s leading digital asset platform, has agreed to acquire CoinMENA, the region’s largest local crypto exchange, in a deal valued at up to $240 million. The acquisition broadens Paribu’s footprint from domestic Turkey into the broader MENA market, where high crypto penetration and retail engagement support a scalable growth trajectory. The integration is expected to enhance product offerings, liquidity pathways, and cross-border settlement capabilities, aligning with Paribu’s strategy to diversify revenue streams and deepen institutional-grade exposure across key regulatory jurisdictions.

Post-close, Paribu will leverage digital asset licenses from the Dubai VARA and the Central Bank of Bahrain, reinforcing regulatory certainty. The arrangement signals stronger multi-jurisdictional compliance and risk controls, potentially attracting regional lenders and custodians. Market participants expect clearer price discovery, improved market integrity, and faster onboarding of institutions, positioning Paribu as a bridge between Turkish markets and the MENA crypto ecosystem.