Paribu, Türkiye’s leading digital exchange platform, acquired Coinmena, the largest Crypto Exchange in the region, in a transaction that valued the company at US$ 240 million.
It is Türkiye’s largest Fintech transaction to date and the country’s first acquisition of a digital asset platform.
With the acquisition, Paribu will expand its operations in the Middle East and North Africa (Mena), which has high crypto trends.
Founded in 2020 by Talal Tabbaa and Dina Sam’an, Coinmena is a Crypto Asset Service provider operating under the jurisdiction of Bahrain and Dubai, which means that Paribu will have access to two active digital asset licenses.
This expanded foothold positions Paribu as one of the few areas of human resource management and supports its strategy of growth driven in line with new markets.
In 2024, Paribu launched paribu’s first paribu storage, the first and only turkiye provider of digital desitced detsure, powered by its various security technologies, participants. In October 2025, the Capital Markets Board (CMB) authorized Paribu to establish a brokerAge company, marking its entry into the capital markets.
Paribu makes great regional moves
The acquisition of Coinmena also strengthens Paribu’s role as the region’s Financial Fintech leader.
Bahrain-Headquartered COINMENA raised about US $ 20 million in total funding from investors, including beco, Arab Bank Switzerland, circle and bunat. The platform now serves more than 1.5 million users in 45 countries, provides access to more than 50 other cryptocurrencies and supports multiple local currencies throughout the MENA region.
Yasin Oral, founder and CEO of Paribu, said: “This transaction is a transformational approach not only for paribu but also for digital assets and the acquisition of wider funds, becoming a regulated player in one of the crypto-acquisition markets in the world.
“We are proud to lead the acquisition of Türkiye’s largest Fintech and its first Digital Assert averet averet agreement.
“Coinmena is the perfect partner for our regional expansion. With this move, we are opening a new chapter in Paribu’s growth journey, expanding the ongoing integration of the mena commodity industry, while building on the strong foundation we have established in Türkiye.”
Coinmena Tabbaa and Saman, in a joint statement, said: “The mena digital asset market continues to grow and mature, and joining forces with Paribu will help accelerate that momentum.
“This acquisition is a milestone in Coinmena’s history. By combining Coinmena’s regional expertise with Paribu’s expertise, we are poised to develop a complete suite of digital asset products for users across Türkiye in the Mena region.
“Paribu’s investment confirms the strength of what we have built, and together we aim to set new standards for access and innovation in the region’s digital assets space.”
