- Startup: Crypto.
- Founding Date: 2016
- Country: UAE.
CoinDCX, the leading Indian cryptocurrency exchange platform, has acquired UAE-based BitOasis for undisclosed fees. The acquisition allows CoinDCX to expand internationally to the MENA region, where BitOasis works in 15 markets.
Founded in 2016, BitOasis offers crypto exchange for more than 60 tokens. The company has secured more than $40 million in funding since its inception, and its last funding round in 2023 was backed by CoinDCX. CoinDCX was valued at $2.1 billion in 2022 when it secured $135 million in funding.
The team of BitOasis will join CoinDCX’s team after the acquisition, while the shareholders of the UAE-based company will receive equity in the Indian company.