Paribu Buys CoinMENA, Unlocks Dubai and Bahrain Markets
- Up to $240 million, making this the biggest fintech deal in Turkey’s history.
- Paribu gets licenses from Dubai’s VARA and Bahrain’s Central Bank, which lets it enter the growing crypto market in the Middle East and North Africa.
- More than 1.5 million CoinMENA customers trade more than 50 assets in their local currencies, and now they can do so with Paribu’s technology.
Paribu, the best digital asset platform in Turkey, has made a big move by buying most of CoinMENA. This exchange, which is based in Bahrain and Dubai, is the biggest crypto player in the Middle East and North Africa. Paribu can now reach a market where people are quickly adopting crypto.
CoinMENA began in 2020 and now helps people from more than 45 countries. It lets people trade more than 50 cryptocurrencies using the US dollar and eight local currencies. Paribu can now operate under strict rules in two important places: Dubai’s Virtual Assets Regulatory Authority and Bahrain’s Central Bank.
Experts think this is part of a bigger trend. There were 95 crypto deals around the world in the third quarter of 2025 alone. For Paribu, it’s about expanding beyond Turkey into places that need digital assets.
Paribu’s founder and CEO, Yasin Oral, said it was a “turning point” for finance in Turkey and MENA. He said, “With this acquisition, we have expanded our licensed operations to a broader region, becoming a licensed player in one of the world’s most crypto-adopted markets.”
Talal Tabbaa and Dina Sam’an, who started CoinMENA, wrote a note together to show their excitement. They said, “The MENA digital asset market continues to grow and mature, and joining forces with Paribu will help accelerate that momentum.” They think of it as the “most transformative milestone” for their business.
Note: This news was written by our editor, rewritten with the help of AI, and reviewed by our editor to ensure its accuracy and compliance with our standards.
