In the latter part of the previous year, **CoinDCX** made a pivotal investment in **BitOasis**. The announcement confirmed that there would be no changes to the company’s branding or leadership team.
**CoinDCX**, recognized as India’s largest cryptocurrency exchange, has ventured into the markets of the Middle East and North Africa by acquiring **BitOasis**, a Dubai-based cryptocurrency exchange. This marks **CoinDCX’s** initial step towards its global expansion ambitions. The strategic investment in **BitOasis** was made in August of the previous year.
On July 3, a press release revealed that **CoinDCX** has acquired **BitOasis**, a leading virtual asset trading platform. Despite forming innovative partnerships in the MENA region, **BitOasis** will maintain its corporate identity and management structure.
Exploring New Horizons and Prospects
**BitOasis** has fortified its regional foothold following the relaunch of its Dubai platform and securing a license in Bahrain. The acquisition will enable both entities to capitalize on the robust market and the public’s growing interest in cryptocurrency investments. Since its inception, the company has achieved a trading volume exceeding $6 billion and has facilitated the trading of over 60 tokens with fiat currencies like USD, AED, and SAR.
**Sumit Gupta**, Co-Founder of **CoinDCX**, remarked:
In August 2023, **CoinDCX** alluded to the triumphs and global market expansion plans of **BitOasis** as a consequence of its strategic investment, building upon its Indian success. **BitOasis** CEO **Ola Doudin** believes the transaction heralds a new chapter for both companies, which share a resolute commitment to their clientele.
Today’s Noteworthy Cryptocurrency Update:
**Cardano** Experiences Slight Downturn Amid Market Fluctuations Following Consistent Growth
share
