CoinDCX acquires crypto firm BitOasis

Cryptocurrency exchange CoinDCX has acquired 100% stake in BitOasis, a virtual asset trading platform with a presence in the Middle East and North Africa.

CoinDCX had previously made a strategic investment in BitOasis in August 2023. 

Following the acquisition, BitOasis' team will integrate into CoinDCX, with the existing leadership continuing to oversee operations under the BitOasis brand.

BitOasis claims to have facilitated more than $6 billion in trading volume and secured over $40 million in venture funding from investors.

CoinDCX is a cryptocurrency exchange and liquidity aggregator having operations across the world. The company has instant deposit and withdrawal facilities with a suite of crypto-based financial products and services.

CoinDXC turned unicorn in August 2021 when the firm raised $90 million in Series C round. The company scooped up another $135 million to go past the $2 billion valuation mark in April 2022.