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Turkish crypto exchange Paribu buys majority stake in competitor CoinMENA
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Why This Matters
Turkish crypto exchange Paribu has acquired a majority stake in the competitor CoinMENA, which is licensed in Dubai and Bahrain, in a deal valued at up to $240 million. This acquisition indicates a strategic move to strengthen Paribu's position in the Middle Eastern crypto market.
Market Impact
Market impact analysis based on bullish sentiment with 68% confidence.
Sentiment
Bullish
AI Confidence
68%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Paribu has bought a majority stake in Dubai- and Bahrain-licensed CoinMENA in a deal valuing the exchange at up to $240 million.
Original article published by
Unknown
on December 5, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.