CoinMENA
- Company typePrivate
- Founded2021
- HeadquartersManama, Bahrain
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
CoinMENA firmographics
Firmographics- Name
- CoinMENA
- Legal name
- CoinMENA B.S.C. (C)
- Website
- https://coinmena.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
CoinMENA industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities and Commodity Exchanges (5232)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- OTC Spot Trading & Block Execution (FSADAJAB)
- akta.pro secondary industry
- Crypto Card Issuing & Card Programs (Debit/Credit/Prepaid) (FSADAIAC)
Keywords
Where CoinMENA is headquartered
LocationHeadquarters
- HQ city
- Manama
- HQ country
- Bahrain
- HQ region
- Middle East
Offices2 records
Markets served
CoinMENA business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales, Others
Revenue model
- Trading Fees: Volume-based trading fees where frequent users enjoy the lowest fees possible. The platform charges fees based on trading volume with competitive and transparent pricing.
- Deposit Fees: Fees charged for deposits via bank transfer and credit/debit cards. Volume-based fee structure with lower costs for higher-volume traders.
- Withdrawal Fees: Fees applied to fiat and digital asset withdrawals with transparent fee schedules published on the platform.
- OTC Trading Fees: Low transaction fees and highly competitive exchange rates for large OTC trades starting from $50,000 minimum with dedicated account management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Volume-based trading tiers |
| Transaction based/ take rate | Pay-as-you-go | Apple Pay deposit limits |
| Transaction based/ take rate | Pay-as-you-go | OTC Trading |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
CoinMENA product offering
Product offeringCore offering
CoinMENA operates a regulated cryptocurrency exchange platform that enables users to buy, sell, send, and receive 80+ digital assets using local fiat currencies (BHD, AED, SAR, USD, KWD, OMR, QAR, EGP). The platform offers spot and limit order trading, an OTC trading desk for large transactions from $50,000, and a corporate account program with dedicated account managers. Distribution is primarily through a mobile-first self-serve app available on iOS and Android, supplemented by a web platform.
Product overview
CoinMENA is a unified cryptocurrency exchange platform serving the MENA region with dual licensing from Bahrain's Central Bank (CBB) and Dubai's VARA. The core platform enables spot and limit trading of 80+ digital assets with local fiat currency support. The ecosystem includes a mobile app (iOS/Android) with Apple Pay and Google Pay integrations, a corporate/B2B tier with dedicated OTC trading desk for institutional clients (minimum $50,000), a referral program, and CoinMENA University for educational content. The platform processes over $5 billion in transactions across 1.5 million registered users in 45+ countries. Recent infrastructure expansions include Standard Chartered banking partnerships for fiat rails and INFINIOS-powered card services.
Differentiator
Problem solved
Functional benefit
Products and services
- CoinMENA Exchange Platform Regulated cryptocurrency exchange enabling users to buy, sell, send, and receive 80+ digital assets in local fiat currencies (BHD, AED, SAR, USD, KWD, OMR, QAR, EGP) with spot and limit order trading, serving retail and institutional clients in the MENA region.
- CoinMENA Mobile App
Quantifiable outcome
- Over 1.5 million registered users
- +3 more outcomes
Companies that use CoinMENA
Customer profileSegments3 records
Ideal customer profiles3 records
CoinMENA technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature6 records
CoinMENA partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Standard CharteredcoreCoinMENA FZE established a strategic banking relationship with Standard Chartered in the UAE to strengthen fiat payment infrastructure. The partnership provides safeguarded client money accounts, high-speed settlement rails, and virtual account-based transaction management. This agreement reflects growing integration of regulated digital asset firms with established financial institutions.
- INFINIOScoreCoinMENA partnered with INFINIOS to power its virtual and physical card program. INFINIOS serves as the licensed card issuer providing processing and programme management capabilities. The collaboration aims to enhance financial flexibility and accessibility for CoinMENA's users by delivering secure, scalable, and user-centric card services within a compliant ecosystem.
- BOTIM (Astra Tech)coreCoinMENA and BOTIM partnered to enable compliant funding methods for digital assets in the MENA region. The collaboration introduces BOTIM Pay as a trusted method for transactions, facilitating instant account funding and accelerating digital asset adoption across the region with emphasis on regulatory compliance and accessibility.
- RipplecoreCoinMENA became an official partner of Ripple for the launch of RLUSD, Ripple's dollar-pegged stablecoin. CoinMENA will be among the first platforms globally—and the only platform in the MENA region—to offer RLUSD once released.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
CoinMENA competitors and assessment
Company assessmentBroad incumbents
- Coinbase: US-listed, regulated global cryptocurrency exchange with retail and institutional offerings. Coinbase competes indirectly with CoinMENA for MENA-based expatriates and internationally active users, and represents the regulatory-grade benchmark CoinMENA is positioned alongside.
- Kraken: US-regulated cryptocurrency exchange offering spot, staking, and OTC services. Kraken competes globally with CoinMENA for sophisticated retail and institutional users, and serves as a comparable regulated exchange benchmark.
- OKX: Global crypto exchange offering spot, derivatives, and Web3 wallet services. OKX is a broad incumbent with growing MENA presence, competing with CoinMENA particularly on advanced product features (margin, futures) and global liquidity depth.
- Bybit: Major global derivatives and spot crypto exchange with active user acquisition campaigns in MENA. Bybit is a broad incumbent competing on trading volume, promotional fee rebates, and product variety versus CoinMENA's spot-focused offering.
- Binance: Global cryptocurrency exchange with significant MENA user base reached via P2P and fiat gateways. While not regionally licensed the same way, Binance competes with CoinMENA on trading fees, asset breadth, and liquidity — and represents the dominant price-setting competitor in the region.
Direct peers
- Paribu: Turkey's largest crypto exchange and now CoinMENA's parent company. Paribu is a direct peer in crypto exchange operations, with the relationship now integrated post-acquisition — comparable on regulatory licensing approach, retail/institutional split, and spot/OTC product mix.
- Rain Financial: Bahrain-licensed crypto brokerage and exchange focused on the MENA region. Rain holds CBB licensing comparable to CoinMENA's and offers retail and institutional trading with local fiat rails, making it a near-direct MENA competitor.
- BitOasis: UAE-headquartered cryptocurrency exchange serving the MENA region with spot trading and OTC services. BitOasis is the most direct competitor, holding similar regional regulatory registrations and targeting the same retail/HNW crypto investor base in Bahrain, UAE, and Saudi Arabia.
Emerging players
- Yellow Card: Pan-African crypto exchange and payments platform supporting multiple local fiat currencies. Yellow Card is an emerging player with comparable emerging-market exchange + local-fiat-rail positioning, though operating in Sub-Saharan Africa rather than MENA.
Regional players
- Bitstamp: Europe-licensed cryptocurrency exchange with strong institutional OTC and retail trading operations. Bitstamp is a regional (European) player with a comparable regulated-exchange profile and OTC desk model targeting institutional and high-volume retail users.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
CoinMENA social profiles
Digital presenceCoinMENA compliance and trust
Trust signalCompliance2 records
CoinMENA financial estimates
Financial estimateRevenue estimate
Valuation estimate
CoinMENA leadership team
Management profileNumber of profiles
Profiles3 records
CoinMENA funding detail
Funding detailFunding overview
Funding rounds2 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CoinMENA M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CoinMENA
What does CoinMENA do?
CoinMENA operates a regulated cryptocurrency exchange platform that enables users to buy, sell, send, and receive 80+ digital assets using local fiat currencies (BHD, AED, SAR, USD, KWD, OMR, QAR, EGP). The platform offers spot and limit order trading, an OTC trading desk for large transactions from $50,000, and a corporate account program with dedicated account managers. Distribution is primarily through a mobile-first self-serve app available on iOS and Android, supplemented by a web platform.
Is CoinMENA a public or private company?
CoinMENA is a private company. It is classified as corporate owned and is currently acquired.
When was CoinMENA founded?
CoinMENA was founded in 2021. It employs 101 to 250 people.
Where is CoinMENA based?
CoinMENA is headquartered in Manama, Bahrain, in the Middle East region.
How does CoinMENA make money?
Four revenue lines are on record. Trading Fees are the primary driver. The others are deposit Fees, withdrawal Fees and OTC Trading Fees.
Who are CoinMENA's main competitors?
Broad incumbents on record are Coinbase, Kraken, OKX, Bybit and Binance. Direct peers are Paribu, Rain Financial and BitOasis. Yellow Card is listed as an emerging player. Bitstamp is listed as a regional player.
Does CoinMENA have an API?
No public API is recorded for CoinMENA.
What industry is CoinMENA in?
CoinMENA's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSADAJAB, OTC Spot Trading & Block Execution, with a secondary code of FSADAIAC, Crypto Card Issuing & Card Programs (Debit/Credit/Prepaid). Its NAICS code is 5232 and its SIC code is 6200.