BitOasis, Dubai-based virtual assets trading platform announces a successful acquisition by India-based crypto exchange CoinDCX.
BitOasis has previously received a strategic investment from CoinDCX in August 2023.
Combined with the company’s newly acquired license in the Kingdom of Bahrain and the recent reopening of its platform in Dubai, the acquisition will further empower BitOasis to strengthen and expand its presence across the MENA region.
BitOasis’ brand and leadership team will remain unchanged following the acquisition, fostering seamless synergy and collaboration between the two organizations.
Founded in 2016 by Ola Doudin, Tarek Kaylani and Daniel Robenek, BitOasis offers its clients to to buy, sell and hold over 60 tokens with fiat currencies such as AED, SAR, and USD.
Ola Doudin, Co-Founder & CEO of BitOasis, said,
“CoinDCX’s acquisition marks an exciting new chapter for BitOasis, one that propels us forward on a much stronger ground. Since the start of BitOasis, trust and regulatory compliance has been a key pillar in our mission to drive crypto adoption across MENA. This is a common pillar we share with CoinDCX along with our unwavering commitment to customer-centricity that has been equally vital for sustainable success”.
Established in 2018, CoinDCX offers access to over 500 crypto assets.
Sumit Gupta, Co-Founder of CoinDCX, said:
“Last year, we strategically invested in BitOasis to bolster its regional presence. Now, with this acquisition, we’re poised to establish an even more formidable foothold across the MENA region, catering to a diverse range of retail and institutional clients.”
