Core Insights - Paribu has acquired CoinMENA, the largest local crypto exchange in the MENA region, in a transaction valued at up to USD 240 million, marking Türkiye's largest fintech transaction and its first cross-border digital asset platform acquisition [1][2][3] Company Overview - Paribu is a leading digital asset platform in Türkiye, focusing on regulatory compliance, product innovation, and geographic expansion. The company has introduced Türkiye's first digital asset custody provider, Paribu Custody, and has received authorization to establish a brokerage firm [4][9] - CoinMENA, founded in 2020, operates under the regulatory authorities of Bahrain and Dubai, serving over 1.5 million users across 45 countries and offering access to more than 50 cryptocurrencies [5][8] Strategic Implications - The acquisition allows Paribu to expand its operations into a region with high crypto adoption, gaining access to two active digital asset licenses through CoinMENA, which is licensed by Dubai's Virtual Assets Regulatory Authority and the Central Bank of Bahrain [3][4] - This move positions Paribu as one of the few regulated multi-jurisdiction operators in the region, supporting its strategy of compliance-driven growth into new markets [3][4] Market Context - The deal underscores the ongoing consolidation in the global digital asset industry, as established regional players seek greater scale, regulatory strength, and broader market reach [2][6] - CoinMENA's co-founders emphasized that the partnership with Paribu will accelerate growth in the MENA digital asset market, combining regional expertise with advanced technology [7]