The post Paribu Acquires CoinMENA for $240M, Expands to MENA Region appeared on BitcoinEthereumNews.com. Key Points: Paribu acquires CoinMENA for $240M to access MENA region. This is Turkey’s largest fintech acquisition to date. The acquisition facilitates Paribu’s entry into regulated markets. CoinMENA, a cryptocurrency exchange in the MENA region, has been acquired by Turkish platform Paribu for $240 million, marking Turkey’s largest fintech acquisition to date. This acquisition grants Paribu regulated access to MENA markets, strengthening its presence amid increasing crypto adoption in Turkey and the Middle East. Paribu’s $240M Acquisition: A Strategic Leap into MENA Paribu, led by CEO Yasin Oral, acquired CoinMENA, obtaining licenses from VARA and CBB. This strategic action allows them to serve the crypto-adoptive MENA market. CoinMENA operates with over 1.5 million users across 45 countries. Paribu, established as Turkey’s leading digital asset platform, secures regional presence through this acquisition. The transaction emphasizes expansion into regulated markets. Paribu desired broader geographic reach with regulatory compliance, highlighting MENA’s attractiveness for digital asset strategies. CoinMENA’s local expertise aligns well with Paribu’s ambitions, promising a comprehensive suite of digital asset services in the region. “This transaction is a turning point not only for Paribu but also for the digital asset and broader finance ecosystem in Türkiye and the MENA region. With this acquisition, we have expanded our licensed operations to a wider geography, becoming a regulated player in one of the world’s most crypto-adoptive markets. We are proud to be leading Türkiye’s largest fintech acquisition and its first international digital asset platform deal.” – Yasin Oral, Founder and CEO, Paribu Historical Significance and Future Prospects in Crypto Expansion Did you know? Historically, Paribu’s acquisition of CoinMENA is Turkey’s first cross‑border digital asset platform deal, marking a pivotal movement in the regional fintech landscape. Bitcoin (BTC) is priced at $89,553.34 with a market cap of $1.79 trillion and a 58.58% market dominance. Over… The post Paribu Acquires CoinMENA for $240M, Expands to MENA Region appeared on BitcoinEthereumNews.com. Key Points: Paribu acquires CoinMENA for $240M to access MENA region. This is Turkey’s largest fintech acquisition to date. The acquisition facilitates Paribu’s entry into regulated markets. CoinMENA, a cryptocurrency exchange in the MENA region, has been acquired by Turkish platform Paribu for $240 million, marking Turkey’s largest fintech acquisition to date. This acquisition grants Paribu regulated access to MENA markets, strengthening its presence amid increasing crypto adoption in Turkey and the Middle East. Paribu’s $240M Acquisition: A Strategic Leap into MENA Paribu, led by CEO Yasin Oral, acquired CoinMENA, obtaining licenses from VARA and CBB. This strategic action allows them to serve the crypto-adoptive MENA market. CoinMENA operates with over 1.5 million users across 45 countries. Paribu, established as Turkey’s leading digital asset platform, secures regional presence through this acquisition. The transaction emphasizes expansion into regulated markets. Paribu desired broader geographic reach with regulatory compliance, highlighting MENA’s attractiveness for digital asset strategies. CoinMENA’s local expertise aligns well with Paribu’s ambitions, promising a comprehensive suite of digital asset services in the region. “This transaction is a turning point not only for Paribu but also for the digital asset and broader finance ecosystem in Türkiye and the MENA region. With this acquisition, we have expanded our licensed operations to a wider geography, becoming a regulated player in one of the world’s most crypto-adoptive markets. We are proud to be leading Türkiye’s largest fintech acquisition and its first international digital asset platform deal.” – Yasin Oral, Founder and CEO, Paribu Historical Significance and Future Prospects in Crypto Expansion Did you know? Historically, Paribu’s acquisition of CoinMENA is Turkey’s first cross‑border digital asset platform deal, marking a pivotal movement in the regional fintech landscape. Bitcoin (BTC) is priced at $89,553.34 with a market cap of $1.79 trillion and a 58.58% market dominance. Over…

                                                                               Legal experts are concerned that transforming ESMA into the “European SEC” may hinder the licensing of crypto and fintech in the region.                     The European Commission’s proposal to expand the powers of the European Securities and Markets Authority (ESMA) is raising concerns about the centralization of the bloc’s licensing regime, despite signaling deeper institutional ambitions for its capital markets structure.On Thursday, the Commission published a package proposing to “direct supervisory competences” for key pieces of market infrastructure, including crypto-asset service providers (CASPs), trading venues and central counterparties to ESMA, Cointelegraph reported.Concerningly, the ESMA’s jurisdiction would extend to both the supervision and licensing of all European crypto and financial technology (fintech) firms, potentially leading to slower licensing regimes and hindering startup development, according to Faustine Fleuret, head of public affairs at decentralized lending protocol Morpho.Read more