{"id":83366,"date":"2024-07-03T08:35:02","date_gmt":"2024-07-03T12:35:02","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=83366"},"modified":"2024-07-03T08:35:05","modified_gmt":"2024-07-03T12:35:05","slug":"coindcx-acquires-bitoasis-to-enter-mena-market","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/coindcx-acquires-bitoasis-to-enter-mena-market\/","title":{"rendered":"CoinDCX Acquires BitOasis to Enter MENA Market"},"content":{"rendered":"\n

India's CoinDCX<\/a> acquires Dubai's BitOasis, marking its entry into the MENA region and its first international expansion step.<\/p>\n\n\n\n

\"CoinDCX
CoinDCX Acquires BitOasis to Enter MENA Market<\/figcaption><\/figure>\n\n\n\n

CoinDCX, the largest cryptocurrency exchange in India, has acquired BitOasis, a cryptocurrency exchange situated in Dubai, in order to expand its presence in the Middle East and North Africa region.<\/p>\n\n\n\n

This represents the initial phase of the crypto exchange's international expansion strategy. In August of the previous year, CoinDCX invested strategically in BitOasis.

CoinDCX, a cryptocurrency exchange<\/a>, has acquired BitOasis, a prominent virtual asset trading platform, according to a press release issued on July 3. BitOasis' leadership team and brand will remain unaltered as the companies strike groundbreaking agreements in the MENA region.<\/p>\n\n\n\n

After the recent license in Bahrain and the reopening of its platform in Dubai, the acquisition has further strengthened BitOasis's position in the region.<\/p>\n\n\n\n

Companies will leverage the mature market and the public's interest in crypto investment<\/a>. The company has recorded a trading volume of over $6 billion since its inception and has allowed consumers to trade more than 60 tokens with fiat currencies, including AED, SAR, and USD.<\/p>\n\n\n\n

\u201cFor us, investor protection has been paramount, and we have distinguished ourselves in India with unwavering compliance. We are committed to upholding the same standards wherever we operate. This principle will continue to guide our actions as we navigate new markets and opportunities.\u201d\u00a0Sumit Gupta,\u00a0Co-Founder of CoinDCX.<\/p>\n\n\n\n

CoinDCX had previously disclosed its strategic investment in BitOasis in August 2023, suggesting that the company was poised to expand into international markets due to its success in India.

Ola Doudin, CEO of BitOasis, stated that the acquisition represents a new chapter for both companies, as they are united by a shared commitment to their customers.<\/p>\n\n\n\n

CoinDCX aims to foster innovation and development in the crypto space by establishing a thriving and inclusive Web3 ecosystem.<\/p>\n\n\n\n

CoinDCX is one of the main crypto companies\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> that have expressed apprehension regarding the Indian government's 30% tax on crypto asset gains. The crypto industry in India anticipated some relief this year; however, the country's stringent regulatory stance has been maintained as a result of the election year's lack of a complete budget.<\/p>\n","protected":false},"excerpt":{"rendered":"

India’s CoinDCX acquires Dubai’s BitOasis, marking its entry into the MENA region and its first international expansion step. CoinDCX, the largest cryptocurrency exchange in India, has acquired BitOasis, a cryptocurrency exchange situated in Dubai, in order to expand its presence in the Middle East and North Africa region. This represents the initial phase of the […]<\/p>\n","protected":false},"author":36,"featured_media":83375,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4858,2082,20364],"class_list":["post-83366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitoasis","tag-coindcx","tag-mena-market"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/img_221763_coindcxbg.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=83366"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/83375"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=83366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=83366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=83366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}