Paribu acquires CoinMENA for $240 million to enter the MENA market

Paribu, Turkey’s leading digital asset platform, has acquired Bahrain’s CoinMENA exchange for up to $240 million, marking the largest fintech deal in Turkey and the country's first cross-border crypto transaction. The deal enables Paribu to expand its operational licenses to Bahrain and Dubai, two markets rapidly becoming regional crypto hubs.

CoinMENA currently has over 1.5 million users across more than 45 countries, supports trading in eight local currencies and USD, and holds licenses in Bahrain and Dubai (VARA). The exchange has raised nearly $20 million from investors such as Arab Bank Switzerland and Circle.

The deal comes amid a surge in global crypto M&A activity, with 95 deals announced in Q3/2025. Paribu stated that users will not be immediately affected and emphasized its strategic expansion plans in the MENA region.