The Competition Authority approved Paribu's acquisition of Coinmena. This move signals an important consolidation step in the Turkish cryptocurrency exchange sector. With the transaction, Paribu will expand its market share and strengthen its position in the crypto derivatives products sector. This structural change resulting from mergers and acquisitions in the industry is a noteworthy development in terms of exchange competition and service diversity.
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YieldHunter
· 5h ago
consolidation plays never end well tbh... if you look at the data, these m&a moves historically spike TVL right before the rug. turkey exchanges? nah, i'm watching the correlation coefficient on their derivative volumes first lol
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LiquidationWatcher
· 16h ago
Is Paribu playing PUBG again? That means more trading pairs, right? But won't derivatives have insanely high fees?
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DuckFluff
· 16h ago
paribu has acquired coinmena... Another big fish eating a small fish story. The Turkish exchange scene is getting more competitive.
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SundayDegen
· 16h ago
Paribu's acquisition this time is a wise move. Although CoinMENA is not large in scale, its derivatives resources can indeed fill the gaps.
The Competition Authority approved Paribu's acquisition of Coinmena. This move signals an important consolidation step in the Turkish cryptocurrency exchange sector. With the transaction, Paribu will expand its market share and strengthen its position in the crypto derivatives products sector. This structural change resulting from mergers and acquisitions in the industry is a noteworthy development in terms of exchange competition and service diversity.