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Mr. Talal Al-Tabbaa, CEO of the CoinMENA platform, published an official post on the LinkedIn platform, announcing the completion of a strategic acquisition transaction, according to which “CoinMENA” will join the “Paribu” company, one of Turkey’s largest digital currency trading platforms, established in 2017.
According to Al-Tabbaa:
After months of hard work and a lengthy and extensive review, the acquisition was announced as successful.
He pointed out that “CoinMENA” has officially become part of the “Paribu” company, and he described the company’s working team as one of the smartest teams he has encountered in the field.
The spokesperson explained that “CoinMENA” and its team will work with the “Paribu” team to improve services in the digital currency field in the region and prepare for a new phase of expansion in the cryptocurrency field.
Al-Tabbaa expressed his gratitude to everyone who has been involved in the journey of “CoinMENA” since its inception, stressing that today’s success would not have been possible without their efforts.
A deal to redraw the region’s digital currency map:
The acquisition combines CoinMENA’s regulatory experience and operating model with Paribu’s technological strength and position in the Turkish and European markets, and represents a key step in the development of the Middle East cryptocurrency market.
The deal marks a new wave of mergers and acquisitions in the industry as the market becomes more mature and platform competition becomes more intense.
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