bitoasis

ChainCatcher news, cryptocurrency exchange BitOasis has obtained a new license in its home jurisdiction after being acquired by Indian cryptocurrency exchange CoinDCX.BitOasis announced on December 9 that it has received a full Virtual Asset Service Provider (VASP) license issued by the Dubai Virtual Assets Regulatory Authority (VARA). The acquisition of the VASP license marks the final step in the BitOasis VARA licensing process, covering a range of crypto trading services, including buying, selling, and trading.

ChainCatcher news, according to Coindesk, Indian cryptocurrency exchange CoinDCX has acquired the trading platform BitOasis, with the specific acquisition amount not disclosed. This marks its first entry into the Middle East and North Africa (MENA) market, and the acquisition will help BitOasis expand its business in the region.It is reported that CoinDCX is one of the most well-known cryptocurrency exchanges in India, with over 15 million users and a quarterly spot trading volume exceeding $840 million. Previously, BitOasis had obtained a license to operate brokerage services in Bahrain and has secured operating licenses in its home country, the UAE.

ChainCatcher news, according to Bloomberg, Dubai-based cryptocurrency exchange BitOasis has completed a new round of financing from investors including Indian digital asset platform CoinDCX, but the terms of the deal and valuation have not been disclosed. The company stated that current investors also include Wamda and Jump Capital.It is reported that BitOasis was founded in 2016 and operates in countries such as the UAE, Saudi Arabia, Bahrain, and Kuwait. According to the company, BitOasis raised $30 million in funding in 2021.

ChainCatcher news, according to foreign media reports, Mastercard has reached a strategic partnership with the cryptocurrency trading platform BitOasis, expecting to launch a cryptocurrency-supported debit card in the Middle East and North Africa (MENA) in early 2023. BitOasis customers will be able to convert their held cryptocurrencies into fiat currency, allowing consumers to shop and pay easily at over 90 million merchant locations worldwide.It is reported that the cryptocurrency trading platform BitOasis in the Middle East and North Africa announced last October that it had completed a $30 million Series B financing, led by Jump Capital and Wamda, with participation from Alameda Research, Global Founders Capital, Pantera Capital, Digital Currency Group, and NXMH. (source link)