BitOasis, a crypto asset trading platform in the MENA region has secured financial investment from India’s highest-valued crypto exchange and first crypto unicorn, CoinDCX.
The investment marks CoinDCX’s first entry into the MENA region and aims to further BitOasis’ position as one of the leading regional Virtual Asset Service Providers (VASP) and amplify its regional presence.
Co-founder and CEO Ola Doudin said: “We are delighted to be working with CoinDCX, India’s leading crypto platform. From our first conversations, it was clear we share a common vision and synergies across our markets that we look forward to building towards.
“The investment will allow us to sharpen our focus on perfecting our existing products and expanding across our markets. We are very excited about the opportunities the funding will unlock for us.”
Sumit Gupta, Co-Founder and CEO of CoinDCX stated: “We are immensely excited about investing in BitOasis, the largest crypto trading platform in the MENA region. We have been impressed by BitOasis’s excellent product offering, strong leadership and their persistence to serve customers in the most secure and compliant manner.”
The cryptocurrency exchange platform has been serving the region since 2016 and is available in over 15 countries.
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