Indian Crypto Exchange CoinDCX Expands into MENA Region with BitOasis Acquisition

Indian cryptocurrency exchange CoinDCX has made a significant move by acquiring fellow trading platform BitOasis in a strategic expansion into the Middle East and North Africa (MENA) region. The acquisition, for an undisclosed amount, is expected to enhance BitOasis’ presence and growth prospects in the MENA market. This development comes on the heels of BitOasis securing a broker-dealer license in Bahrain, adding to its existing licenses in the United Arab Emirates.

CoinDCX, a leading crypto exchange in India, has a substantial user base of over 15 million and records quarterly spot trading volumes exceeding $840 million. The acquisition of BitOasis marks CoinDCX’s first foray into the MENA region, signaling its commitment to expanding its operations and services internationally.

With CoinDCX at the helm, BitOasis is poised to leverage its strengths and resources to further establish itself as a key player in the MENA crypto market. This strategic acquisition underscores CoinDCX’s strategic vision and ambition to strengthen its position in the global cryptocurrency exchange industry.