Turkish Crypto Giant Paribu Acquires CoinMENA for $240 Million to Enter MENA Markets

In a major strategic move, Turkey's leading cryptocurrency platform, Paribu, has acquired the Bahrain-based digital asset exchange CoinMENA. The deal, valued at $240 million, marks a significant expansion for Paribu into the high-growth Middle East and North Africa (MENA) region. This acquisition allows Paribu to leverage CoinMENA's established regulatory licenses and infrastructure to offer secure crypto services, including trading for major assets like Bitcoin (BTC) and Ethereum (ETH), to a new, vast customer base. The transaction underscores the ongoing consolidation and international growth within the cryptocurrency industry, as platforms seek to capitalize on emerging markets with increasing digital asset adoption. Experts view this as a bullish signal for crypto accessibility and institutional interest in the MENA region's financial technology landscape.