Indian Crypto Exchange CoinDCX Buys BitOasis to Expand to MENA Region

CoinDCX has acquired BitOasis, a virtual trading platform operating in the Middle East and North Africa region, cementing its position as the largest cryptocurrency exchange in India.

This move marks CoinDCX’s entry into the MENA market and reflects its plans for expansion.

BitOasis is well-known for its significant trading volume in Emirati dirhams, making it an important move for CoinDCX to establish a strong presence in the region.

BitOasis has recently obtained a Virtual Assets Regulatory Authority (VARA) operational license from the Central Bank of Bahrain (CBB), further solidifying its legitimacy and complying with regulations.