UAE platform BitOasis raises $30 million to expand in the Middle East and North Africa

CEO said Ola Dudin Ola Doudin for platform BitOasis :

“Our goal is to build the largest and most trusted cryptocurrency platform in the region.”

Cryptocurrency trading platform is expanding BitOasis Headquartered in Dubai in the Middle East and North Africa (MENA) through another major funding round.

Invest a lot in the platform BitOasis

closed BitOasis Series A round of financing B worth 30 million dollars led by a company Jump Capital Jump Capital Chicago-based venture capital firm Wamda Capital It is based in Dubai, according to an announcement on Tuesday.

Wamda has previously invested in BitOasis back in a year 2016It led an initial funding round for an undisclosed amount.

The latest round included new investors, such as the subsidiary cryptocurrency exchange Sam Bankman Fred, and a company Global Founders Capital, in addition to existing investors, including:

• Panther Capital
• Digital Currency Group
• Investment Company NXMH Based in Belgium.

Co-founder and CEO said Ola Dudin for platform BitOasis :

“The new funding will help the cryptocurrency exchange increase its presence in the MENA region as well as ensure regulatory compliance.”

“We see a lot of potential for crypto adoption in the MENA region.

We also believe that the right regulation along with investor awareness and education initiatives will lead to widespread adoption of crypto assets in the region.”

“The upcoming funding will provide us with the resources we need to build the largest and most trusted cryptocurrency platform in the region.
Expansion outside the MENA region is also on the table and will happen in due course.”

He said dudin The platform BitOasis It also aims to establish strategic partnerships with the public sector in order to raise awareness of cryptographic security.

The exchange recently partnered with the Dubai Police Force to educate the public about fraudulent schemes related to cryptocurrency investments and trading.

What is the BitOasis platform?

It was launched BitOasis in a year 2015It is one of the oldest cryptocurrency exchange platforms in the MENA region.

witnessed BitOasis Some exponential growth this year, as trading volume exceeded 3 Billions of dollars at the end of the first half of the year 2021.

In May, she received BitOasis Regulatory approvals from Abu Dhabi Global Market as the company was preparing to launch a licensed crypto exchange in the Middle East.