CoinDCX, one of India’s leading cryptocurrency exchanges, has made a significant move to expand its footprint in the Middle East by acquiring BitOasis. This strategic acquisition comes on the heels of BitOasis securing a license to operate as a broker-dealer in Bahrain, further solidifying its presence in the region. Additionally, BitOasis is already licensed in its home country, the United Arab Emirates (UAE).
The acquisition marks a major milestone for CoinDCX as it aims to tap into the burgeoning crypto markets of the Middle East. By leveraging BitOasis’s established regulatory approvals and market presence, CoinDCX is well-positioned to offer its services to a broader audience in the region.
Founded by Neeraj Khandelwal and Sumit Gupta, CoinDCX has rapidly grown to become a major player in the Indian cryptocurrency market. This expansion into the Middle East aligns with the company’s vision of providing seamless access to digital assets and fostering the adoption of cryptocurrencies globally.
As the crypto landscape continues to evolve, strategic acquisitions like this one highlight the importance of regulatory compliance and market presence. CoinDCX’s entry into the Middle East through BitOasis is a testament to the exchange’s commitment to growth and innovation.
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