Dubai-based BitOasis lately acquired a license to behave as a broker-dealer in Bahrain.
CoinDCX is among the many most distinguished crypto exchanges in India, boasting a consumer base of over 15 million.
Indian cryptocurrency change CoinDCX purchased fellow buying and selling platform BitOasis for an undisclosed quantity, marking its first enlargement into the Center East and North Africa (MENA).
The acquisition will present a lift to BitOasis’ plans to develop its presence throughout the area, in response to an emailed announcement on Wednesday.
It additionally follows BitOasis profitable a license to function as a broker-deal in Bahrain. The Dubai-based firm can also be licensed in its native United Arab Emirates.
CoinDCX is among the many most distinguished crypto exchanges in India, boasting a consumer base of over 15 million and quarterly spot buying and selling volumes of greater than $840 million.
CoinDCX didn’t reply to CoinDesk’s request for additional data.
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