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UAE-based cryptocurrency platform BitOasis secures investment to amplify its regional presence

UAE-based cryptocurrency exchange platform BitOasis, Mena’s leading crypto asset trading platform has secured investment from CoinDCX, India’s highest-valued Virtual Asset Service Provider (VASP). BitOasis’ other investors include Wamda Capital and Jump Capital. 

Founded in 2016 by Ola Doudin, BitOasis is the Middle East region’s first and largest crypto asset exchange. It is available in 15 countries across the region, allowing its users to buy, hold and sell 60+ cryptocurrencies. Since its launch, BitOasis has processed more than $5 billion in trading volume.
Commenting on the news, Ola Doudin, Co-Founder and CEO of BitOasis 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.” 

The new capital will support BitOasis’ vision to amplify its regional presence, ensure sustainable growth, and ambitiously drive its roadmap as it continues securing further licenses in the region and serving retail and institutional clients, continuing on its path towards profitability. 
As industry leaders, both CoinDCX and BitOasis have focused on driving transparency and customer protection forward in their respective markets.
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.”

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Val Lukhanyu
Val Lukhanyu
I cover technology news, startups, business and gadget reviews

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