India crypto para stock exchange CoinDCXDubai based trading platform BitOasis’i The deal marks its first foray into the Middle East and North Africa (MENA) region. Terms of the deal were not disclosed.

Indian Crypto Exchange CoinDCX Acquires BitOasis, Expands to MENA Region

This acquisition will significantly support BitOasis’ expansion plans in the MENA region.

CoinDCX’s move follows BitOasis obtaining a license to operate as a broker-dealer in Bahrain, in addition to its existing licenses in the United Arab Emirates.

CoinDCX is one of the leading cryptocurrency exchanges in India with a user base of over 15 million and a quarterly spot trading volume of over $840 million.

This acquisition reflects CoinDCX’s desire to expand its influence and operational footprint beyond India.

The agreement underscores the MENA region’s growing importance in the global crypto landscape. With its regulatory approvals and strategic location in Dubai, BitOasis is well-positioned to leverage CoinDCX’s resources and expertise to accelerate its growth and reach.

CoinDCX did not respond to requests for further information regarding the acquisition. However, the move is expected to enhance the capabilities and market presence of both companies, driving greater innovation and cryptocurrency adoption in the MENA region.

This acquisition highlights the dynamic nature of the cryptocurrency market and the strategic moves made by major players to gain a foothold in emerging markets.

As CoinDCX and BitOasis integrate their operations, the combined entity is likely to play a significant role in shaping the future of digital assets in the region.

*This is not investment advice.

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