Indian crypto exchange CoinDCX acquires Dubai-based BitOasis, expanding into the MENA region.
Indian crypto exchange CoinDCX has acquired Dubai-based BitOasis in a move marking its first step into international expansion. The acquisition will give CoinDCX a strong foothold in the MENA (Middle East and North Africa) region, allowing it to cater to a diverse client base of retail and institutional investors. BitOasis, founded in 2016, has processed over $6 billion in trading volume and raised more than $40 million in venture funding. The acquisition comes as Dubai aims to establish itself as a hub for crypto businesses, alongside Singapore and Hong Kong. CoinDCX plans to expand further through mergers and acquisitions, targeting regions with clear regulatory frameworks for crypto operators.
July 03, 2024
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