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Turkish Paribu acquires CoinMENA, the largest cryptocurrency exchange in the Middle East, with a deal valuation of up to $240 million.

GateNews

ChainCatcher reports that Turkey’s leading digital asset platform Paribu has announced the acquisition of CoinMENA, the largest local cryptocurrency exchange in the Middle East and North Africa (MENA) region, with the deal valued at up to $240 million. Through this acquisition, Paribu will expand from the domestic Turkish market to the MENA region, which has a high rate of cryptocurrency adoption, and will obtain two valid digital asset licenses issued by the Dubai Virtual Assets Regulatory Authority (VARA) and the Central Bank of Bahrain.

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