CoinDCX Acquires BitOasis: Expanding Horizons in the MENA Region

Sumit Gupta, CEO of CoinDCX, revealed in a recent X post that CoinDCX has successfully acquired BitOasis, the premier cryptocurrency platform in the MENA region. This strategic move marks a new era for CoinDCX, which has transitioned from a burgeoning startup to a robust multi-product and multi-country organization in just six years.

This move to acquire BitOasis marks the CoinDCX’s further plan to expand its operations across the globe, especially in the Middle East and North Africa. BitOasis complies with a number of well-recognized frameworks with licenses from Bahrain and the UAE, which proves its compliance and users’ safety.

Being the biggest crypto exchange in India with more than 15 million users, CoinDCX’s early investment in BitOasis has proven fruitful. CoinDCX has seen this first-hand with Ola Doudin and her team to create the strong brand that it is.

Another important aspect of CoinDCX is compliance and trust, which are two crucial factors for any business in the crypto industry. This is in line with BitOasis, which was the first platform to register with the UAE Financial Intelligence Unit in 2021 and receive approvals from Dubai’s VARA and the Central Bank of Bahrain.

According to Sumit, under the continued leadership of Ola Doudin, BitOasis would maintain its operational integrity and enhance its crypto services. Users can expect an overall improved experience, while the BitOasis brand remains unchanged.

This acquisition is the first step of the expansion plan of CoinDCX in the MENA region due to its high-level development and increasing interest of the population in crypto and Web3. CoinDCX is also working towards establishing and following a very good compliance standard and protecting the investors in the process as it expands and explores new markets and opportunities.

In this way, CoinDCX and BitOasis plan to foster a healthy and accessible Web3 environment to accelerate the advancement of the crypto market. This is a monumental moment for CoinDCX and is only the beginning of many great things to come.