CoinDCX acquires Dubai-based virtual assets trading platform BitOasis

Crypto exchange CoinDCX has announced the acquisition of BitOasis, a virtual assets trading platform in the Middle East and North Africa (MENA) region. According to CoinDCX, BitOasis has the highest trading volume in Emirati dirhams. CoinDCX had previously invested in BitOasis in August 2023.

“The UAE is progressive when it comes to regulations, and that is also a strength of the market there. Many global companies are setting up their base in the region. Any country with clear regulations automatically attracts talent. As part of our global expansion plan, we wanted to start with UAE and MENA as a market.