Dubai's BitOasis Expands to Bahrain Under Central Bank License
BitOasis Bahrain will operate under a Crypto-Asset Services License issued by the Central Bank of Bahrain.
The platform offers trading services for retail, corporate, and institutional clients, featuring a user-friendly interface for beginners alongside advanced tools for experienced traders.
To support its expansion, BitOasis has introduced premium services aimed at high-net-worth individuals and institutional investors.
These include VIP offerings and dedicated relationship support. The platform also supports local bank transfers across the Gulf Cooperation Council (GCC), enabling easier deposits and withdrawals.
'CoinDCX's 200+ strong technology team now powers the platform's backend, unlocking faster performance, deeper liquidity, stronger security, and a significantly enhanced product suite. Our ambition is clear: to reach one million users across the region by 2026, setting the gold standard for compliance, innovation, and customer experience.'
said Ola Doudin, CEO and Co-Founder of BitOasis.
The expansion takes place amid a period of rapid growth in the MENA virtual asset market, supported by government initiatives and investment in digital infrastructure.
In the GCC, high internet penetration and a predominantly young population are contributing to a digitally driven environment.
Sumit Gupta, Co-Founder of CoinDCX, said:
'For CoinDCX, MENA is not a market to merely enter—it's a region to co-build. Since acquiring BitOasis in July 2024, we've seen tremendous progress. BitOasis secured a full VASP Licence from VARA in December 2024, and with its launch in Bahrain, we're further strengthening our regional presence. By joining forces, we're creating a platform that's local at heart but global in strength.'
BitOasis was founded in 2016 and has since processed over US$7.4 billion in trading volume.
It has raised over US$40 million in funding.
The Bahrain launch follows the company's receipt of a full Virtual Asset Service Provider License from Dubai's Virtual Assets Regulatory Authority in December 2024.
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