Turkish exchange Paribu has acquired the largest cryptocurrency CEX in the Middle East, CoinMENA, in a deal reportedly valued at up to $240 million.

BlockBeats News, December 5th, Turkish leading digital asset platform Paribu announced the acquisition of the largest local crypto CEX, CoinMENA, in the Middle East and North Africa (MENA) region, with the transaction valued as high as $240 million. Through this acquisition, Paribu will expand from the Turkish domestic market to the MENA region with a high cryptocurrency adoption rate, and obtain two valid digital asset licenses issued by the Dubai Virtual Asset Regulatory Authority (VARA) and the Central Bank of Bahrain.