The deal represented Türkiye’s largest fintech transaction to date as well as the country’s first cross-border acquisition of a digital asset platform, according to Paribu.
Paribu, a Turkish leading digital asset platform, has acquired Bahrain-based CoinMena, a local crypto exchange in the Middle East and North Africa (Mena) region, in a transaction valuing the company at up to US$240m. The acquisition is set to expand Paribu’s operations According to Paribu, the deal represented Türkiye’s largest fintech transaction to date as well as the country’s first cross-border acquisition of a digital asset platform. The acquisition is set