coinmena

The cryptocurrency exchange CoinMENA in the Middle East and North Africa (MENA) region has announced that it has been acquired by the Turkish digital asset platform Paribu for a valuation of $240 million. This transaction reportedly marks the largest fintech acquisition deal in Turkey to date. Paribu will obtain digital asset licenses from the Dubai Virtual Assets Regulatory Authority (VARA) and the Central Bank of Bahrain through CoinMENA to operate locally.

Turkey's leading digital asset platform Paribu announced the acquisition of CoinMENA, the largest local cryptocurrency exchange in the Middle East and North Africa (MENA), with a transaction valuation of up to $240 million.Through this acquisition, Paribu will expand from the Turkish domestic market to the MENA region, where cryptocurrency adoption is higher, and obtain two valid digital asset licenses issued by the Dubai Virtual Assets Regulatory Authority (VARA) and the Central Bank of Bahrain.

ChainCatcher news, UAE real estate developer Mag has signed an agreement with Middle East and North Africa (MENA) crypto asset service provider CoinMena to accept USDT and USDC for property purchases. This initiative aims to create new avenues for investors to diversify their portfolios through digital assets and further accelerate the growth of Dubai's new economy.It is reported that CoinMena is a cryptocurrency financial services company based in Bahrain, regulated and licensed by the Central Bank of Bahrain as a crypto asset service provider. (source link)