With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.

استحوذت بورصة العملات المشفرة التركية باربو على حصة أغلبية في كوين مينا مقابل ما يصل إلى 240 مليون دولار، مما يمثل توسعًا كبيرًا في أسواق العملات المشفرة في الشرق الأوسط، وخاصة في البحرين ودبي.

La bolsa turca de criptomonedas Paribu ha adquirido una participación mayoritaria en CoinMENA por hasta 240 millones de dólares, marcando una expansión significativa en los mercados de criptomonedas de Oriente Medio, especialmente en Bahréin y Dubái.

La bourse turque de cryptomonnaies Paribu a acquis une participation majoritaire dans CoinMENA pour jusqu'à 240 millions de dollars, marquant une expansion significative sur les marchés cryptographiques du Moyen-Orient, notamment à Bahreïn et à Dubaï.

Turkish cryptocurrency exchange Paribu has acquired a majority stake in CoinMENA for up to $240 million, marking a significant expansion into the Middle Eastern crypto markets, particularly in Bahrain and Dubai.

Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets

The Binance Blockchain Week event in Dubai became the center of a high-stakes showdown between traditional and digital innovation, with Bitcoin and gold going head-to-head. Investors, tech enthusiasts, and financial experts watched closely as Binance founder Changpeng Zhao expertly debated renowned Bitcoin critic Peter Schiff, making a compelling argument for why Bitcoin is better than gold.  Binance Founder Dominates Bitcoin And Gold Debate During the Binance Blockchain Week in Dubai, Schiff and CZ faced off in a high-profile debate over the value of Bitcoin versus Gold. Schiff defended gold as a safe, stable, and tangible asset while the Binance founder made a compelling case for Bitcoin’s adoption, utility, value, and global reach.  Related Reading: Crypto CEO Says Bitcoin Was Never Meant To Be ‘Digital Gold’ – So What Is It? Throughout the debate, which lasted over an hour, CZ consistently demonstrated the practical advantages of Bitcoin, leaving Schiff’s gold argument largely on the defensive. The Binance founder emphasized Bitcoin’s transparent and predictable supply and its role in the modern financial systems. He pointed to hundreds of millions of users who rely on Bitcoin for payments, savings, and transfers.  Schiff argued that Bitcoin lacks inherent value and is mainly driven by hype and faith that its price will rise. He stated that gold remains tangible, centuries old, scarce, and valuable in industry, making it superior to BTC. He further asserted that “nobody needs” Bitcoin and that the cryptocurrency is “backed by nothing.” Practical demonstrations played a key role in the debate between Schiff and CZ. The Binance founder explained how Bitcoin and crypto payments already improve financial efficiency, especially in emerging markets. Schiff questioned whether these transactions truly count as money, since merchants ultimately receive traditional currency. CZ’s response highlighted the importance of adoption and network effects, noting that people who use BTC directly for payments give it real-world significance. The debate also considered the preferences of younger generations. CZ asked Schiff whether millennials and Gen Z favoured Bitcoin or gold. The Bitcoin critic responded sharply, suggesting that they would choose gold. He pointed out that, with many young investors losing money on BTC, gold offers a safer, more appealing alternative. The Binance founder countered that younger people understand digital value more intuitively and prefer mobile, borderless, and censorship-resistant assets.  Digital Value And The Future Of Money The debate between CZ and Schiff also highlighted the changing definition of money. Bitcoin functions as a decentralized network that enables instant settlement and transparent verification. Its adoption has also helped evolve the financial economy, facilitating faster and more seamless cross-border payments. Schiff argued that gold’s scarcity and industrial demand preserve its value and make it a reliable hedge against economic uncertainty.  Related Reading: What Happens To The Bitcoin Price If It Follows Gold? Tokenization also became a point of agreement during the discussion, with Schiff emphasizing that gold can be digitized and tokenized for easier ownership and distribution without moving the physical metal. CZ contended that Bitcoin offers similar advantages while also enabling global financial inclusion. They also discussed the supply of both assets, with the Binance founder noting that Bitcoin has a visible supply, while gold doesn’t.  They also talked about the performance of both assets over the years. Schiff argued that gold had outperformed BTC over the past four years. CZ contended that Bitcoin has far outpaced gold over the last 8 years, and since its launch in 2009, it has skyrocketed from a few cents to an ATH above $126,000. He concluded his debate, predicting that Bitcoin’s growth will outpace gold over time. Featured image from iStock, chart from Tradingview.com

شهد حدث أسبوع بلوكتشين في بينانس في دبي مناظرة مهمة بين مؤسس بينانس، تشانغبينغ تشاو، وناقد البيتكوين، بيتر شيف، حيث تمحورت حول المزايا النسبية للبيتكوين مقارنة بالذهب. قدم تشاو حججًا قوية لصالح البيتكوين من حيث الاعتماد والفائدة والانتشار العالمي، بينما دافع شيف عن الذهب كأصل مستقر. أظهرت المناظرة التوترات المستمرة بين مؤيدي الأصول التقليدية والرقمية.

El evento Binance Blockchain Week en Dubái presentó un debate significativo entre el fundador de Binance, Changpeng Zhao, y el crítico del Bitcoin, Peter Schiff, centrado en los méritos comparativos del Bitcoin y el oro. Zhao argumentó a favor de las ventajas del Bitcoin en adopción, utilidad y alcance global, mientras que Schiff defendió al oro como un activo estable. El debate destacó las tensiones en curso entre los defensores de los activos tradicionales y digitales.

L'événement Binance Blockchain Week à Dubaï a présenté un débat significatif entre le fondateur de Binance, Changpeng Zhao, et le critique du Bitcoin, Peter Schiff, axé sur les mérites comparatifs du Bitcoin et de l'or. Zhao a plaidé en faveur des avantages du Bitcoin en matière d'adoption, d'utilité et de portée mondiale, tandis que Schiff a défendu l'or comme un actif stable. Le débat a mis en lumière les tensions persistantes entre les défenseurs des actifs traditionnels et numériques.

The Binance Blockchain Week event in Dubai featured a significant debate between Binance founder Changpeng Zhao and Bitcoin critic Peter Schiff, focusing on the comparative merits of Bitcoin and gold. Zhao argued for Bitcoin's advantages in adoption, utility, and global reach, while Schiff defended gold as a stable asset. The debate showcased the ongoing tensions between traditional and digital asset advocates.

Binance Founder Crushes Bitcoin Critic In Game-Changing BTC Vs. Gold Debate

<img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTIvMDE5YWVlOGItNmJmMi03YmY2LTk5YmItYTU3OGVmOGQ2ZjAx.jpg" alt="Turkish crypto exchange Paribu buys majority stake in competitor CoinMENA">Paribu has bought a majority stake in Dubai- and Bahrain-licensed CoinMENA in a deal valuing the exchange at up to $240 million.

قامت بورصة العملات المشفرة التركية باربو بشراء حصة أغلبية في منافستها كوين مينا، وهي بورصة مرخصة في دبي والبحرين، في صفقة تقدر قيمتها بحوالي 240 مليون دولار. تمثل هذه الصفقة توسعًا كبيرًا لباربو في سوق الشرق الأوسط، مما يعزز موقعها التنافسي في مشهد العملات المشفرة سريع التطور.

La bolsa de criptomonedas turca Paribu ha adquirido una participación mayoritaria en su competidor CoinMENA, una bolsa con licencia en Dubái y Bahréin, en un acuerdo valorado en hasta 240 millones de dólares. Esta adquisición marca una expansión significativa para Paribu en el mercado de Oriente Medio, mejorando su posición competitiva en un paisaje de criptomonedas en rápida evolución.

La bourse de cryptomonnaies turque Paribu a acquis une participation majoritaire dans son concurrent CoinMENA, une bourse agréée à Dubaï et à Bahreïn, dans une transaction évaluée à jusqu'à 240 millions de dollars. Cette acquisition marque une expansion significative pour Paribu sur le marché du Moyen-Orient, renforçant sa position concurrentielle dans un paysage de cryptomonnaies en rapide évolution.

Turkish cryptocurrency exchange Paribu has acquired a majority stake in its competitor CoinMENA, a Dubai- and Bahrain-licensed exchange, in a deal valued at up to $240 million. This acquisition marks a significant expansion for Paribu in the Middle Eastern market, enhancing its competitive position in the rapidly evolving cryptocurrency landscape.

Turkish crypto exchange Paribu buys majority stake in competitor CoinMENA

<img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTIvMDE5YWVhYTUtZjMxOC03MjliLWI2NDUtNzZmOTgyMTg3NjY5.jpg" alt="Peter Schiff fails to authenticate gold bar during onstage test with CZ">Gold advocate Peter Schiff faced Binance co-founder Changpeng "CZ" Zhao during an event panel in Dubai, arguing that tokenized gold is a better store-of-value asset than Bitcoin.

خلال حدث في دبي، حاول المدافع عن الذهب بيتر شيف توثيق شريط من الذهب أثناء مناظرته مع المؤسس المشارك لباينانس، تشانغبينغ زهاو، مؤكدًا أن الذهب المرمز يعد أصلًا أفضل لتخزين القيمة مقارنةً ببيتكوين. فشل شيف في توثيق شريط الذهب أثار تساؤلات بين الحضور.

Durante un panel en Dubái, el defensor del oro Peter Schiff intentó autenticar una barra de oro mientras debatía con el cofundador de Binance, Changpeng Zhao, afirmando que el oro tokenizado es un mejor activo de reserva de valor que Bitcoin. El fracaso de Schiff para autenticar la barra de oro generó dudas entre los asistentes.

Lors d'un événement à Dubaï, l'avocat de l'or Peter Schiff a tenté d'authentifier une barre d'or tout en débattant avec le co-fondateur de Binance, Changpeng Zhao, affirmant que l'or tokenisé est un meilleur actif de réserve de valeur que le Bitcoin. L'échec de Schiff à authentifier la barre d'or a suscité des interrogations parmi les participants.

During a panel event in Dubai, gold advocate Peter Schiff attempted to authenticate a gold bar while debating Binance co-founder Changpeng Zhao, asserting that tokenized gold serves as a superior store-of-value asset compared to Bitcoin. Schiff's failure to authenticate the gold bar raised eyebrows among attendees.

Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets

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