Paribu completed the acquisition of a majority stake in CoinMENA for $240m.

Paribu, a cryptocurrency platform in Turkey, completed the acquisition of a majority stake in CoinMENA, a crypto asset service provider, for $240m. “This transaction is a turning point not only for Paribu but also for the digital asset and broader finance ecosystem in Türkiye and the MENA region. 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. We are proud to be leading Türkiye’s largest fintech acquisition and its first international digital asset platform deal,” Yasin Oral, Paribu Founder and CEO.