ACQUISITION OF BITOASIS BY COINDCX AND THEIR EXPANSION STRATEGY

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By: Mansoor Ali ( Admin)

The acquisition is part of CoinDCX's strategy to expand globally, starting with the MENA region due to its mature crypto market

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BitOasis is licensed and regulated in multiple markets, including recently obtaining a license in the Kingdom of Bahrain and reopening its platform in Dubai.

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With the acquisition, CoinDCX aims to enhance crypto services, expand the range of tokens available, and increase liquidity for users.

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BitOasis operates in 15 countries across the MENA region, claiming over $6 billion in trading volumes and raising more than $40 million in funding.

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Founded in 2018, CoinDCX has raised over $240 million in funding and is one of India's earliest crypto exchanges registered with the  FIU-IND

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The acquisition positions BitOasis and CoinDCX as significant players in the MENA crypto ecosystem, combining local expertise with global expansion capabilities.

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CoinDCX has acquired BitOasis, a virtual digital assets (VDAs) platform based in the MENA region, for an undisclosed amount.

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CoinDCX initially invested in BitOasis nearly ten months ago, marking one of its earliest investments in the MENA region.

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CoinDCX aims to leverage BitOasis's established presence in MENA to strengthen its market position, offering more comprehensive crypto solutions to regional users.

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Both companies plan to capitalize on regulatory advancements and growing interest in cryptocurrencies across the MENA region

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