CoinDCX, India’s largest crypto exchange, acquires BitOasis, marking its entry into the MENA market. The acquisition ensures regulated, secure trading and expanded offerings.
India’s largest cryptocurrency exchange, CoinDCX, has acquired BitOasis, a virtual asset trading platform operating in the Middle East and North Africa region.
BitOasis, known for having one of the highest trading volumes in Emirati dirhams, signifies a substantial strategic move by CoinDCX to expand its presence in the region.Regulatory motivations This license allows BitOasis to operate as a broker-dealer under strict regulatory conditions and ensures the platform’s operations are regulated and comply with legal parameters.
Speaking with Gupta about the implications on user accounts, he explained that accounts would not be migrated or linked between BitOasis and CoinDCX.
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