Yandex metrika counter
Türkiye's Paribu buys majority stake in Bahrain's CoinMENA
Source: bitcoinke.io

Turkish digital asset platform Paribu announced on Friday that it has acquired a majority stake in Bahrain- and Dubai-based cryptocurrency platform CoinMENA, in a deal valuing the company at up to $240 million, News.Az reports, citing Reuters.

The transaction represents Türkiye’s largest fintech deal to date and marks Paribu’s first cross-border acquisition of a digital asset platform.

Yasin Oral, Paribu’s founder and CEO, described the deal as a “turning point” for the company, enabling its expansion into the Middle East and North Africa 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,” he said.


News.Az 

Similar news

Archive

Prev Next
Su Mo Tu We Th Fr Sa
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31