Urgent: Turkish company Paribu officially acquires CoinMENA platform
In an official post on LinkedIn, Mr. Talal Al-Tabbakh, the CEO of CoinMENA platform, announced the completion of a strategic acquisition that joins "CoinMENA" to the company "Paribu", which is one of the largest cryptocurrency trading platforms in Turkey, established in 2017.
The announcement of the successful acquisition comes after months of hard work and intensive auditing.
He pointed out that "CoinMENA" has officially become part of "Paribu", whose team he described as one of the smartest teams he has encountered in this sector.
The spokesperson clarified that the company "CoinMENA" and its team will work together with the "Paribu" team to enhance what can be offered in the field of cryptocurrencies in the region, paving the way for a new expansion phase in the crypto sector.
Al-Tabbakh sent a message of thanks to everyone who participated in the journey of "CoinMENA" since its establishment, confirming that this success would not have been possible without their efforts.
A deal that redraws the map of cryptocurrencies in the region:
This acquisition represents a pivotal step in the evolution of the crypto market in the Middle East, as it combines the regulatory expertise and operational model of "CoinMENA" with the technical strength and market position of "Paribu" in the Turkish and European markets.
This deal signals a new wave of mergers and acquisitions in the sector, as the market matures and competition among the operating platforms increases.