Jamie Crawley is a CoinDesk news reporter based in London.
07:47Indian cryptocurrency exchange CoinDCX bought fellow trading platform BitOasis for an undisclosed amount, marking its first expansion into the Middle East and North Africa .
The acquisition will provide a boost to BitOasis' plans to expand its presence across the region, according to an emailed announcement on Wednesday. It also follows BitOasis winning a license to operate as a broker-deal in Bahrain. The Dubai-based company is also licensed in its native United Arab Emirates.
CoinDCX is among the most prominent crypto exchanges in India, boasting a user base of over 15 million and quarterly spot trading volumes of more than $840 million.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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