BitOasis secures new investment from India’s crypto exchange CoinDCX

This is CoinDCX’s first investment into the MENA region

BitOasis, the crypto asset trading platform has secured investment from CoinDCX, India’s virtual asset service provider (VASP).

Its other investors include Wamda Capital and Jump Capital.

The new capital will support the company’s vision to amplify its regional presence, ensure sustainable growth and ambitiously drive its roadmap as it continues securing further licences in the region, a statement said.

Both entities have focused on driving transparency and customer protection forward in their respective markets.

From its launch in 2016, BitOasis’ mission has been to provide the MENA region a safe, secure, accessible and compliant way to buy, sell and trade in cryptocurrencies.

Ola Doudin, co-founder and CEO of BitOasis said: “We are delighted to be working with CoinDCX, India’s leading crypto platform. From our first conversations, it was clear we share a common vision and synergies across our markets that we look forward to building towards.

The investment will allow us to sharpen our focus on perfecting our existing products and expanding across our markets. We are very excited about the opportunities the funding will unlock for us.”

Sumit Gupta, co-founder and CEO of CoinDCX stated: “We have been impressed by BitOasis’s excellent product offering, strong leadership and their persistence to serve customers in the most secure and compliant manner.”