Indian Crypto Exchange CoinDCX Expands in Middle East Through BitOasis Acquisition

CoinDCX, an Indian crypto exchange platform, has acquired BitOasis, a virtual digital assets (VDAs) platform based in the Middle East and the North Africa (MENA) region. The acquisition, part of CoinDCX’s worldwide expansion strategy, was done for an undisclosed price. The acquisition may assist BitOasis to grow its position in the area, according to a joint statement released on July 3, 2024.BitOasis confirmed in a separate statement that CoinDCX, which first acquired a stake in the company last year, now possesses 100 per cent ownership of the Dubai-based firm. Despite the acquisition, BitOasis assured stakeholders that the brand’s identity and leadership team would stay untouched. This strategic strategy intends to boost BitOasis’ market position in 15 countries.

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