Ramazan Eles 
Indian cryptocurrency exchange CoinDCX has made its first foray into the Middle East and North Africa (MENA) region by acquiring Dubai-based trading platform BitOasis. The terms of the deal were not disclosed.
CoinDCX Enters MENA with BitOasis Acquisition
This acquisition will significantly bolster BitOasis’s expansion plans in the MENA region. The move follows BitOasis obtaining existing licenses in the United Arab Emirates, as well as a license to operate as a broker-dealer in Bahrain.
CoinDCX is one of India’s leading cryptocurrency exchanges with over 15 million users and a quarterly spot trading volume exceeding $840 million. This acquisition reflects CoinDCX’s ambition to expand its reach and operational footprint beyond India.
The deal highlights the growing importance of the MENA region 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, this move is expected to enhance the capabilities and market presence of both companies, fostering further innovation and cryptocurrency adoption in the MENA region.
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