Turkey’s homegrown crypto heavyweight Paribu has pushed open a new door in the Middle East, seizing a majority stake in Bahrain- and Dubai-based CoinMENA in a deal that pegs the platform’s value at up to $240 million. It’s not just another acquisition—it’s the biggest fintech move Turkey has ever made, and its first venture into owning a digital asset exchange beyond its borders.
Paribu’s chief, Yasin Oral, hailed the moment as a decisive leap rather than a simple expansion. According to him, the company has now stepped into one of the world’s most crypto-enthusiastic regions with full regulatory footing, widening its footprint across a market that already speaks fluently in digital assets.
By locking in this deal, Paribu shifts from being a domestic powerhouse to a regional contender, planting its flag across a larger, fast-moving terrain where crypto adoption is woven into everyday financial habits. The message is clear: Paribu isn’t just scaling—it’s crossing thresholds.
