• UAE-based cryptocurrency exchange platform BitOasis has raised new investment from CoinDCX, India’s highest valued crypto exchange. Wamda Capital and Jump Capital also participated in the round.

• 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.

• The new capital will support BitOasis' plans to amplify its regional presence and ensure sustainable growth.

Press Release:

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. 

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. From its launch in 2016, BitOasis’ mission has been to provide the Mena region a safe, secure, accessible and compliant way to buy, sell and trade in cryptocurrencies. BitOasis and CoinDCX are both committed to proactively meeting their regulatory obligations and satisfying ongoing conditions, upholding the highest standard of responsible behaviour. 

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.” 

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.”