CoinDCX Acquires Rival Exchange BitOasis for Business Expansion

This post was originally published on Coinspeaker

Despite being bought by CoinDCX, the company assured users that their funds are safe on BitOasis.

CoinDCX, the largest crypto exchange in India, has acquired rival company BitOasis to expand its business offerings across the Middle East and North Africa (MENA) region for an undisclosed amount.

The move marks the company’s first step towards achieving its goal of spreading its wings outside the Indian market. CoinDCX announced its global expansion plans earlier this year, and according to the firm, the UAE and MENA markets are an excellent base to start.

Strengthening Product Offerings and Compliance

The acquisition of BitOasis by CoinDCX is expected to benefit both companies and their users. The deal promises to enhance their product offerings and strengthen their range of services in compliance with local regulations in both jurisdictions.

According to an emailed statement, BitOasis, established as a trusted and regulated exchange in the MENA region, brings a wealth of experience and a strong reputation to the table. Both companies plan to form a formidable force to compete with global giants such as Binance and Coinbase.

CoinDCX stated that BitOasis will continue to serve the MENA region as an independent entity despite being owned

Read the rest of this post, which was originally published on Coinspeaker.

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