Paribu Acquires CoinMENA at a USD 240 Million Valuation

Paribu, which develops blockchain-based innovative products and services, has acquired CoinMENA through a deal valued at up to USD 240 million. With this transaction, Paribu has executed the largest fintech acquisition in Türkiye’s merger and acquisition history and completed the country’s first international acquisition in the crypto vertical.

CoinMENA Operates in Bahrain and Dubai

CoinMENA was founded in 2020 in Bahrain by Talal Tabbaa and Dina Sam’an. The company operates as a licensed crypto asset service provider under the entity “CoinMENA B.S.C.” CoinMENA FZE, located in Dubai, operates with a Virtual Asset Service Provider (VASP) license granted by the Dubai Virtual Assets Regulatory Authority (VARA).

To date, CoinMENA has raised nearly USD 20 million in investments from funds including BECO, Arab Bank Switzerland, Circle, and Bunat Ventures. The platform serves more than 1.5 million users across over 45 countries. Offering trading in more than 50 crypto assets with eight local currencies including the Bahraini Dinar, UAE Dirham, and Saudi Riyal CoinMENA also positions itself as one of the MENA region’s leading crypto asset platforms through its institutional services such as OTC (over-the-counter) infrastructure.

Yasin Oral: “We Are Proud to Sign Türkiye’s First International Agreement in the Crypto Vertical”

Paribu Founder and CEO Yasin Oral stated: “This agreement represents a milestone not only for Paribu but also for the crypto asset and financial ecosystems of Türkiye and the MENA region. As Paribu, we are proud to have executed Türkiye’s largest financial technology transaction and its first international agreement in the crypto vertical. CoinMENA, one of the leading crypto asset platforms in the MENA region, is a strategic choice for Paribu’s regional expansion goals.

This acquisition, which brings together Paribu’s technology infrastructure and CoinMENA’s regional insights, will set a new standard for the region’s digital asset and financial ecosystem by providing millions of users across MENA with regulated, fast, and secure financial services.”

“We Are Bringing Crypto Sector Consolidation to MENA”

Emphasizing that this acquisition positions Paribu as a licensed operator in the MENA region one of the markets with the highest levels of crypto adoption Yasin Oral continued: “As of 2025, we have completed our operational licensing applications for both our platform and our custody institution. With our ColdShield® technology developed by Paribu engineers, we have set new standards for digital asset custody in Türkiye and globally.

We have received our establishment license for Paribu Yatırım Menkul Değerler A.Ş., our fully authorized brokerage firm. Today, as regulatory frameworks become clearer and crypto sector consolidation becomes a global trend, we are extending this consolidation to the MENA region. From now on, a new chapter begins in Paribu’s growth journey.”

Talal Tabbaa: Regional Expertise Will Merge with Paribu’s Technological Capability

In a joint statement emphasizing the continuous growth and maturation of the MENA crypto asset market, CoinMENA Co-Founder Talal Tabbaa said: “Joining forces with Pari bu will help accelerate this momentum even further. By combining CoinMENA’s regional expertise with Paribu’s technological capability, we are preparing to build a comprehensive financial product ecosystem that will empower users in Türkiye and across the MENA region.”

Co-Founder Dina Sam’an added: “This acquisition represents the most significant milestone in CoinMENA’s history. The agreement validates the strength of the structure we have built so far. Together, we will set new standards for access and innovation in the region’s financial landscape.”

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