Mubasher: MENA’s leading crypto asset trading platform BitOasis has secured investment from CoinDCX, an India-based virtual asset service provider (VASP), according to a press release.

BitOasis will use the proceeds of the investment to boost its regional footprint and ensure sustainable growth.

In line with its strategy toward profitability, the platform continues to secure further licenses across the region and serves retail and institutional clients.

CoinDCX and BitOasis focus on driving transparency and customer protection forward in their respective markets. They are committed to fulfilling their regulatory obligations in accordance with the ongoing conditions.

Since its launch in 2016, BitOasis has aimed to provide a safe, secure, and accessible way to buy, sell, and trade cryptocurrencies across the MENA region.

Ola Doudin, Co-Founder and CEO of BitOasis, said: “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, commented: “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.”