Indian Crypto Exchange CoinDCX Purchases BitOasis
CoinDCX, India’s largest cryptocurrency exchange, has acquired BitOasis, a digital asset trading platform based in Dubai, as part of its global expansion plans.
The acquisition comes after CoinDCX’s strategic investment in BitOasis in August 2023. Through this partnership, CoinDCX aims to offer its users a wider selection of crypto assets, improved liquidity, and an enhanced trading experience.
The company has not disclosed the financial details of the deal. BitOasis recently obtained a license from the Central Bank of Bahrain, expanding its presence in the Middle East and North Africa region.
This was in addition to the MVP Operational License it received from Dubai’s Virtual Asset Regulatory Authority last year. According to CoinDCX co-founder Sumit Gupta, the company aims to become a leading trading platform for crypto globally.
