Turkish exchange Paribu to acquire CoinMENA for up to $240M

Turkish cryptocurrency exchange Paribu has announced its acquisition of CoinMENA, the largest crypto exchange in the Middle East and North Africa (MENA) region, for up to $240 million. Paribu plans to expand its operations into the region by acquiring CoinMENA, which holds licenses from Dubai's Virtual Assets Regulatory Authority (VARA) and the Central Bank of Bahrain.