It is hardly a year since CoinDCX, India’s crypto company, invested in BitOasis, a Dubai-based virtual assets trading platform, to strengthen its regional reach. Now, CoinDCX has acquired BitOasis, which claims to be MENA’s leading platform to securely buy, sell and trade cryptocurrencies, for an undisclosed amount.
CoinDCX co-founder Sumit Gupta has said that they were “poised to establish an even more formidable foothold across the MENA region, catering to a diverse range of retail and institutional clients”, in line with their expansion in MENA. Quite significantly, CoinDCX’s quarterly trading volumes exceeded $840 million in spot this year.
Referring to BitOasis’ latest developments of reopening in Dubai and the platform’s acquisition of a new license in Bahrain, its co-founder and CEO Ola Doudin said the move by CoinDCX would further their growth. Despite the change, the team and brand of BitOasis will stay the same. – editor@nrifocus.com
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