Crypto Exchange BitOasis Raises Funds From CoinDCX, Others (1)

Dubai-based crypto exchange BitOasis raised a round of funding led by the Indian digital-asset platform CoinDCX.

Terms of the deal and valuation weren’t disclosed. Existing investors include Wamda Capital and Jump Capital, the company said.

Launched in 2016, BitOasis operates in countries such as the United Arab Emirates, Saudi Arabia, Bahrain and Kuwait. Between mid-2021 and mid-2022, the Middle East and North Africa region represented the world’s fastest-growing cryptocurrency market, according to researcher Chainalysis. Back in 2021, BitOasis raised $30 million in funding, according to the company.

BitOasis earlier this year said it received the first of Dubai’s “minimum viable ...