what's CoinMENA?

CoinMENA is a regulated cryptocurrency exchange platform serving the Middle East and North Africa (MENA) region, offering secure buying, selling, and storage of digital assets. Licensed by the Central Bank of Bahrain as the first licensed digital asset service provider in the kingdom, it provides a compliant gateway for users to trade over 50 cryptocurrencies, including major ones like Bitcoin and Ethereum, as well as emerging tokens and stablecoins. The platform emphasizes Sharia compliance, making it accessible for a broad audience in the region, and integrates advanced security features such as multi-signature wallets and partnerships with custodians like BitGo for institutional-grade protection. Users can seamlessly deposit and withdraw fiat currencies from local bank accounts, facilitating easy on-ramps and off-ramps in supported MENA countries. CoinMENA's interface is designed for both beginners and experienced traders, with tools for spot trading, staking opportunities, and real-time market data. It actively engages the community through educational content, such as crypto quizzes, trend analyses, and warnings against scams, promoting informed participation in the blockchain ecosystem. Beyond trading, CoinMENA contributes to the regional fintech landscape by supporting blockchain innovation and regulatory adherence, positioning itself as a bridge between traditional finance and digital assets in a rapidly evolving market.

CoinMENA acquired by Paribu for $240M, expanding regional digital asset licenses.