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BitOasis in Bahrain Is Offcially Backed by CoinDCX’s
CoinDCX, a renowned Indian crypto exchange app, officially launched BitOasis, making a bold move as a part of its larger Middle East and North American region expansion strategy, while eyeing 30% of its profit by 2026.
Summary
1. BitOasis, an Indian cryptocurrency exchange startup, has officially launched in Bahrain as part of its larger Middle East and North America region expansion strategy.
2. The startup, which has tripled its revenue and now accounts for 20% of its total revenue, will operate under a Crypto-Asset Services license from the Central Bank of Bahrain.
3. The fintech startup offers the most secure and regulated bitcoin trading platform for retail and institutional clients, with a more transparent and inclusive digital financial system.
After this latest startup news, the fintech company will operate under a Crypto-Asset Services license from the Central Bank of Bahrain to provide secure, compliant trading services to retail, corporate, and institutional clients.
According to a press statement, CoinDCX launched BitOasis in 2024, and it has remained the top virtual asset trading platform in the MENA, with the highest number of transactions in Emirati Dirhams.
Sumit Gupta, Co-Founder of CoinDCX, added, “Our expansion into the MENA region is fueled by clear regulatory frameworks, increasing investor hunger, and larger HNI investment ticket sizes.” The fintech startup provides unparalleled regional credibility, while CoinDCX adds the scalability and creativity of a ‘Made in India’ platform.”
“The results have been impressive- the startup has tripled its revenue and now accounts for 20% of our total revenue. Further, we expect the region to account for more than 30% of our revenue by 2026,” he said.
Ola Doudin, CEO and Co-Founder of BitOasis, said-“The company has always stood for trust, giving the finest user experience, and keeping a strong platform… CoinDCX’s 200+ strong technology team now supports the platform’s backbone, allowing for high speed, more liquidity, better security, and a vastly improved product range. Our goal is plain and simple: achieve one million customers in the region by 2026, setting the gold standard for compliance, innovation, and customer experience.”
BitOasis Bahrain will operate under a Central Bank of Bahrain Crypto-Asset Services License, providing secure and compliant trading services to retail, corporate, and institutional users.
It was formed in 2016, has handled over $7.4 billion in trade volume, and has raised over $40 million in funding so far. This expansion into Bahrain comes after the fintech startup received a complete Virtual Asset Service Provider (VASP) License from Dubai’s Virtual Assets Regulatory Authority in December 2024.
The move corresponds with rising activity in the MENA virtual assets market, which is being fueled by regulatory initiatives and regional investment in blockchain infrastructure. The young population and internet usage have influenced the market.
According to IMARC Consulting, the GCC cryptocurrency market was valued at $744.3 million in 2024 and is expected to reach $3.5 billion by 2033, with an annual growth rate of 16.75%. Approximately 38% of cryptocurrency users in the region have annual higher than $15,000.
What is BitOasis?
BitOasis, headquartered in the UAE, is the largest and renowned cryptocurrency platform in the Middle East and North Africa. Founded in 2015, BitOasis is a pioneer in the region’s cryptocurrency economy, working as the go-to site for both first-time cryptocurrency consumers and experienced traders. BitOasis seeks to provide the most secure and regulated bitcoin trading platform for retail and institutional clients.
Their vision is that Cryptocurrency will serve as the foundation for a new, more transparent, and inclusive system, and they are working to build the infrastructure necessary to achieve this potential.
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