Key Takeaways
- CoinDCX, India’s premier crypto unicorn valued over $2 billion, backs BitOasis with a strategic investment.
- CoinDCX ventures into the MENA region with its inaugural investment.
- This Invesment was much needed by BitOasis at this time of Peril to continue its operations.
BitOasis A Crypto exchange from Dubai, just got a major financial backing from India’s crypto giant, CoinDCX. And guess what? This isn’t BitOasis’ first rodeo – they’ve already got big backers like Wamda Capital and Jump Capital before but after the crypto winter the exchange struggled to manage its operations efficiently followed by massive layoffs and some strategic changes to the leadership team.
So, what’s the plan? BitOasis is gearing up to fix the licensing issues as the exchange was turned down by the regions most prominent regulator VARA as we covered earlier. BitOasis amidst VARA licensing issue should be looking to get some solid regulatory approvals.
BitOasis Co-Founder Ola Doudin, the brains behind BitOasis, is over the moon she described:
Joining forces with CoinDCX, the top dog of India’s crypto world? It’s a dream come true! We’re totally on the same wavelength and can’t wait to see what the future holds. This investment is our golden ticket to go bigger and better.
Sumit Gupta, from CoinDCX, chimes in: “Putting our money on BitOasis? It’s a no-brainer! They’re the best in the MENA region, hands down. Their killer product line, ace leadership, and rock-solid commitment to customer safety? Simply top-notch.”
Both CoinDCX and BitOasis are trusted in the crypto world. They’re all about keeping things clear, honest, and safe for their customers. Since its debut in 2016, BitOasis has been like a guiding star for the MENA region, helping everyone buy, sell, and trade crypto without a hitch. And they’re dead serious about doing everything by the book and setting the gold standard for responsible trading.
