Core Finance acted as the exclusive buy-side advisor to Paribu, Türkiye’s leading digital asset platform, on its acquisition of CoinMENA, the MENA region’s largest local crypto exchange, in a transaction valued at up to $240M.
The deal represents Türkiye’s largest fintech transaction to date and the country’s first cross-border acquisition of a digital asset platform. It also underscores the ongoing consolidation of the global digital asset industry, as established regional players seek greater scale, regulatory strength, and broader market reach.
With this acquisition, Paribu extends its operations from its home market in Türkiye into one of the regions with the highest crypto adoption. Paribu will hold two additional active digital asset licenses through Dubai’s Virtual Assets Regulatory Authority (VARA) and the Central Bank of Bahrain. This expanded regulatory footprint positions Paribu as one of the region’s few regulated multi-jurisdiction operators and supports its strategy of compliance-driven growth into new markets.
Paribu is among Türkiye’s leading companies in the digital asset and fintech sectors, pursuing a growth roadmap focused on regulatory compliance, product innovation, and geographic expansion. In 2024, Paribu introduced Paribu Custody, Türkiye’s first and only digital asset custody provider powered by its proprietary multi-layered security technology, ColdShield®. In October 2025, the Capital Markets Board (CMB) authorized Paribu to establish a brokerage firm, marking its entry into the capital markets. The acquisition of CoinMENA further strengthens Paribu’s role as a regional fintech leader.
Founded in 2020 by Talal Tabbaa, Dina Sam’an, and Yazan Bargouthi, CoinMENA is a licensed crypto asset service provider operating under Bahrain and Dubai regulatory authorities. CoinMENA has raised nearly 20 million USD in total funding from investors including BECO, Arab Bank Switzerland, Circle, and Bunat Ventures. The platform now serves more than 1.5 million users across 45 countries, offering access to over 50 cryptocurrencies and supporting multiple local currencies across the MENA region.
This acquisition strengthens Paribu’s regional leadership, adding two active licenses in Bahrain and Dubai and positioning the company among the region’s select multi-framework licensed operators. By combining Paribu’s technological capabilities and regulatory momentum with CoinMENA’s strong regional presence and market expertise, the partnership will accelerate product innovation and broaden access to advanced digital asset services across Türkiye and the MENA region.
Yasin Oral, Founder and CEO of Paribu, stated:
“This transaction is a turning point not only for Paribu but also for the digital asset and broader finance ecosystem in Türkiye and the MENA region. With this acquisition, we have expanded our licensed operations to a wider geography, becoming a regulated player in one of the world’s most crypto-adoptive markets. We are proud to be leading Türkiye’s largest fintech acquisition and its first international digital asset platform 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 “
Talal Tabbaa and Dina Sam’an, Co-Founders of CoinMENA, said in a joint statement:
“The MENA digital asset market continues to grow and mature, and joining forces with Paribu will help accelerate that momentum. By combining CoinMENA’s regional expertise with Paribu’s technology, we are poised to develop a comprehensive suite of digital asset products for users across Türkiye and the MENA region. This acquisition is the most transformative milestone in CoinMENA’s history. Paribu’s investment validates the strength of what we have built, and together we aim to set new standards for access and innovation in the region’s digital asset space.”
This landmark transaction reinforces Core Finance’s position as the leading cross-border technology, fintech, and digital asset platform M&A advisor across Türkiye & MENA, underscoring the firm’s ability to navigate landmark transactions and support ambitious regional consolidators as they reshape their categories.