Turkish crypto exchange Paribu has acquired a majority stake in CoinMENA, a Sharia-compliant cryptocurrency exchange licensed in Dubai and Bahrain.
According to a Thursday CoinMENA announcement, Paribu acquired a majority stake in CoinMENA in a deal valuing the company at up to $240 million. The company claims the transaction is Türkiye’s largest fintech deal to date and the country’s first cross-border acquisition of a digital asset platform.
Paribu said it plans to use the acquisition…
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