CoinDCX Acquires BitOasis for Undisclosed Amount to Expand in Middle East

Jul 3, 2024, 11:43 AM

Indian cryptocurrency exchange CoinDCX has acquired Dubai-based BitOasis, a leading virtual assets trading platform in the Middle East and North Africa (MENA) region, for an undisclosed amount. This acquisition marks CoinDCX's first foray into the Middle East market and is part of its broader strategy to expand internationally. The deal, which has been described as a historic M&A transaction for the crypto space in the Middle East, will see BitOasis continue to operate under its existing brand and leadership, with no disruption to its services. The acquisition aims to enhance crypto services, offer more tokens, and improve trading experiences for users. CoinDCX, which started as a small startup six years ago, has grown into a multi-product and multi-country organization, and this move is expected to bolster its position as a global leader in the crypto ecosystem.