$240 million! Turkish platform Paribu acquires the largest CEX in the Middle East, also obtaining two compliance licenses

2025-12-05 08:28:24

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[BlockBeats] Leading Turkish digital asset platform Paribu has just made a major move—acquiring CoinMENA, the largest local CEX platform in the MENA region, with the deal valued at up to $240 million.

This acquisition is more than just simple market expansion. Paribu has simultaneously obtained two digital asset licenses from the Dubai Virtual Asset Regulatory Authority (VARA) and the Central Bank of Bahrain, effectively opening up compliant access to the MENA region. Considering the already high crypto adoption rate there, and now with regulatory backing, the potential for growth is huge.

Paribu’s move from the Turkish domestic market into MENA is quite interesting—it avoids the fiercely competitive Western markets while seizing the regulatory window in emerging markets.

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NestedFox

· 12h ago

Damn, getting two licenses at once, that's really playing big.

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GasFeeSurvivor

· 14h ago

I have to say, Paribu’s move this time is pretty impressive—directly securing the compliance golden key for MENA. This Turkish platform sure has big ambitions.

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GasWrangler

· 12-05 08:56

ngl, $240M for regulatory passes is honestly the play here – if you analyze the mempool dynamics in MENA, the transaction throughput optimization alone justifies the premium they're paying. most people don't get it.

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MissingSats

· 12-05 08:50

Speaking of which, Paribu's move is indeed smart. Instead of competing with Europe and the US, they're expanding into MENA.

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TokenomicsDetective

· 12-05 08:40

This game is indeed impressive; Paribu grabbed the MENA market opportunity just in time. Wait, they obtained two licenses so smoothly? Isn't VARA supposed to be very strict? Acquiring the largest CEX in the Middle East for $240 million feels a bit cheap, or maybe I’m missing something about the market. Are Turkish platforms this strong now? I hadn’t noticed Paribu’s moves before. Compliance licenses = room for imagination? If it were really that simple, there wouldn’t be so many failed projects. Taking advantage of the regulatory window is definitely a smart move, but can MENA really take off?

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ProposalDetective

· 12-05 08:39

Damn, Paribu’s move is really something. They spent 240 million on CoinMENA and also got two licenses in the process. Is this deal worth it or not?

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BridgeNomad

· 12-05 08:38

ngl this regulatory arbitrage play is giving me bridge routing vibes—skipping the saturated western lanes for emerging market liquidity pools. but tbh, before celebrating the 240m valuation, someone should run a postmortem on their counter-party risk assumptions with these mena custodians. just saying.

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GasFeeAssassin

· 12-05 08:34

Got the compliance license in hand, MENA is really about to take off. --- 240 million to directly buy access, this move is indeed well played. --- Avoiding the red ocean in Europe and America to go to the Middle East, smart move. --- With the VARA license obtained, will others follow suit? --- The regulatory window period is indeed rare, getting in early and securing a spot is truly profitable. --- Turkish platforms are starting to go international now, it’s got that vibe. --- Getting two licenses at the same time, that’s impressive efficiency. --- The crypto penetration rate in the Middle East is really high, and with compliance, it’ll be even stronger.

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