Indian cryptocurrency exchange CoinDCX acquires BitOasis, entering the Middle East and North Africa market.

ChainCatcher news, according to Coindesk, Indian cryptocurrency exchange CoinDCX has acquired the trading platform BitOasis, with the specific acquisition amount not disclosed. This marks its first entry into the Middle East and North Africa (MENA) market, and the acquisition will help BitOasis expand its business in the region.

It is reported that CoinDCX is one of the most well-known cryptocurrency exchanges in India, with over 15 million users and a quarterly spot trading volume exceeding $840 million. Previously, BitOasis had obtained a license to operate brokerage services in Bahrain and has secured operating licenses in its home country, the UAE.