**Turkish exchange Paribu acquires CoinMENA for $240 million, entering high-growth market**

Turkey's leading crypto platform Paribu announced the acquisition of Bahrain-licensed exchange CoinMENA, with a transaction amount of up to $240 million. This move marks Paribu's official entry into the high-growth crypto market of the Middle East and North Africa (MENA).

**Key points:** Traditional regional exchanges are accelerating expansion through mergers and acquisitions, with compliance and localization capabilities becoming key competitive barriers. The crypto adoption rate in emerging markets is expected to further increase.

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