CoinDCX Acquires BitOasis, Expanding into the Middle East

IconCryptoNewsTerminal Staff03 Jul, 2024

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CoinDCX Acquires BitOasis, Expanding into the Middle East

CoinDCX, a leading Indian cryptocurrency exchange, has acquired Dubai-based BitOasis, a licensed and regulated cryptocurrency exchange. This strategic acquisition marks CoinDCX's entry into the Middle Eastern market, a region with growing interest in digital assets. BitOasis boasts a strong presence in the Middle East, holding licenses in both the UAE and Bahrain. The acquisition will enable CoinDCX to tap into this rapidly expanding market and offer its services to a wider customer base. CoinDCX aims to leverage BitOasis's existing infrastructure and expertise to establish a strong foothold in the region. The exchange plans to introduce its advanced trading platform, robust security measures, and a user-friendly interface to cater to the unique needs of Middle Eastern cryptocurrency enthusiasts. This acquisition is a significant step for CoinDCX in its global expansion strategy. It demonstrates the company's commitment to becoming a leading player in the global cryptocurrency market while providing accessible and secure trading platforms to its users.

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