Türkiye’s largest fintech acquisition to date
The transaction represents Turkey’s largest fintech acquisition to date and the country’s first cross-border crypto deal. The deal comes at a time when global crypto M&A activity is accelerating; 95 crypto M&A transactions were announced in Q3 2025 alone, according to the Architect Partners Q3 2025 Crypto M&A and Financing Report. Amid this global trend, Paribu brings the momentum of crypto industry consolidation to the MENA region.
Paribu to become one of the strongest licensed players in the region
Founded in 2020 by Talal Tabbaa and Dina Sam’an, CoinMENA operates in Bahrain under its licensed entity CoinMENA B.S.C, and in Dubai through CoinMENA FZE with a Virtual Asset Service Provider (VASP) license issued by the Dubai Virtual Assets Regulatory Authority (VARA).
The acquisition of CoinMENA positions Paribu as one of the strongest licensed players in the region. Paribu currently has operating permit applications in Türkiye for both a crypto asset trading platform and a custody service, and also holds authorization from the Capital Markets Board (CMB) to establish a broadly authorized brokerage firm.
Yasin Oral: “A turning point for finance ecosystem in the MENA region”
Yasin Oral, Founder and CEO of Paribu highlighted that this agreement marks a turning point not only for Paribu but also for the entire digital asset and finance ecosystem in Türkiye and the MENA region, and added:
“With this acquisition, we have expanded our licensed operations to a broader region, becoming a licensed player in one of the world’s most crypto-adopted markets, and we’re proud to lead Türkiye’s largest fintech acquisition and first international crypto deal. CoinMENA, the leading crypto exchange in the MENA region, is the perfect fit for us in our regional expansion. With this step, we’re entering a new chapter in Paribu’s growth journey, expanding our presence into the MENA region and carrying the global wave of crypto industry consolidation to new markets.”
