Paribu Makes Historic Move With CoinMENA Acquisition

[chainsniff]

Turkish crypto exchange Paribu has acquired a majority stake in CoinMENA, the Sharia-compliant exchange licensed in Dubai and Bahrain, in a deal valued up to $240 million.
This marks Türkiye’s largest fintech acquisition and the first cross-border purchase of a digital-asset platform by a Turkish company. Paribu says the move expands its footprint into one of the most crypto-adoptive regions globally.

[Nahid Hossen]

A major acquisition like this can reshape the regional crypto ecosystem.

[Abdul Khan]

Regulatory uncertainty is clearly hurting investor appetite.