Türkiye's Paribu Enters Gulf Crypto Market With CoinMENA Acquisition Valued at Up to $240 Million

Turkish digital asset platform ParibuDealroom has a profile for this one. Try Dealroom → has acquired a majority stake in CoinMENA, the Bahrain- and Dubai-based cryptocurrency exchange, in a transaction valuing the company at up to $240 million. The deal, reported by Reuters , is described as Türkiye’s largest fintech transaction to date and marks Paribu’s first cross-border acquisition of a digital asset platform.

Founded in 2019, CoinMENA operates as a regulated exchange serving users across the Middle East and North Africa (MENA). It holds licences from the Central Bank of Bahrain and the Virtual Assets Regulatory Authority in Dubai.

The platform has positioned itself as a compliant gateway for retail and institutional investors seeking access to digital assets in markets with increasingly formalised regulatory regimes.

Paribu CEO Yasin OralDealroom has a profile for this one. Try Dealroom → said the acquisition represents a significant step in the company’s regional expansion strategy, allowing it to extend its licensed operations into what he described as some of the world’s most active crypto-adoption markets. Following the transaction, CoinMENA’s co-founders—Dina Sam’anDealroom has a profile for this one. Try Dealroom → and Talal TabbaaDealroom has a profile for this one. Try Dealroom →—will continue to lead the platform.

The acquisition comes at a time of rising consolidation in the digital asset industry, particularly among exchanges seeking scale, regulatory coverage, and access to new customer bases. In MENA, clearer regulatory frameworks in Bahrain and the UAE have supported the growth of licensed operators and attracted interest from foreign platforms looking to expand.

For Paribu, which has grown to become one of Türkiye’s largest cryptocurrency exchanges, the deal provides a direct foothold in neighbouring markets and aligns with broader efforts to engage with regulated jurisdictions. CoinMENA, meanwhile, gains a strategic shareholder with a sizable domestic user base and the resources to support its expansion plans.

Sources:
CoinMENA
Reuters
Wamda
Startup Researcher
CoinDesk

J.V.