Paribu Acquires Majority Stake in CoinMENA

Turkish fintech platform Paribu makes waves with its acquisition of majority stake in CoinMENA, a cryptocurrency platform based in Bahrain and Dubai. This $240 million deal marks Turkeys largest fintech transaction and Paribus first cross-border purchase, signaling a strategic expansion into the Middle East and North Africa region. Yasin Oral, Paribus CEO, hails this as a turning point, enabling broader licensed operations and solidifying their global strategy in a crypto-adoptive market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.