Indian Crypto Exchange CoinDCX Acquires BitOasis to Enter Middle East

Indian cryptocurrency exchange CoinDCX bought fellow trading platform BitOasis for an undisclosed amount, marking its first expansion into the Middle East and North Africa (MENA). The acquisition will provide a boost to BitOasis' plans to expand its presence across the region, according to an emailed announcement on Wednesday. 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. 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. 

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