Latest news with #AliDashti
Daily Tribune
19-05-2025
- Business
- Daily Tribune
BitOasis Officially launches Trading operations in Bahrain
BitOasis, a leading virtual assets trading platform in the Middle East and North Africa (MENA), has officially launched operations in Bahrain, further consolidating its role as a compliant and trusted crypto broker-dealer in the region. The Bahrain arm of BitOasis will operate under a Crypto-Asset Services License issued by the Central Bank of Bahrain, offering digital asset trading services to retail, corporate, and institutional clients. 'This launch is a key milestone,' said Ola Doudin, CEO and Co-Founder of BitOasis, during the official inauguration attended by Ali Dashti, General Manager of BitOasis Bahrain, and Sumit Gupta, Co-Founder of CoinDCX. 'With CoinDCX's tech infrastructure and support, we're aiming for one million users by 2026 and striving to set the gold standard in compliance and customer experience.' BitOasis, which was acquired by Indian crypto unicorn CoinDCX in July 2024, now benefits from the technical muscle of CoinDCX's 200+ member tech team—resulting in improved platform performance, security, and product offerings. The Bahrain launch includes premium services for high-net-worth and institutional clients, alongside local banking integration for seamless GCC-wide deposits and withdrawals. The move comes as the MENA region experiences rapid crypto market growth, driven by tech-savvy youth, proactive regulations, and supportive government strategies. According to IMARC Consulting, the GCC crypto market—valued at $744.3 million in 2024 —is expected to soar to $3.5 billion by 2033, with a projected CAGR of 16.75%. 'Since securing a full VASP License in Dubai last December, BitOasis has made tremendous strides,' said Gupta. 'Our launch in Bahrain signals our deep commitment to co-building a secure and compliant crypto ecosystem across the MENA region.' Founded in 2016, BitOasis has processed over $7.4 billion in trading volume and raised more than $40 million in funding.
Finextra
15-05-2025
- Business
- Finextra
BitOasis expands to Bahrain
BitOasis, the Middle East and North Africa's (MENA) leading regional virtual assets trading platform, has officially launched its operations in Bahrain, reinforcing its position as the region's most trusted, compliant, and locally rooted broker-dealer platform. 0 BitOasis Bahrain will operate under a Crypto-Asset Services License from the Central Bank of Bahrain, delivering secure, compliant, and robust trading services for retail, corporate, and institutional users. Designed to cater to all types of traders, it offers an easy-to-navigate interface for beginners, while also providing advanced features for more experienced traders seeking sophisticated tools. To expand its presence in the region, BitOasis has launched premium services for high-net-worth individuals and institutional clients, featuring exclusive VIP offerings and dedicated relationship support. The platform also supports local bank transfers, ensuring seamless and efficient deposits and withdrawals across the GCC. Attendees at the launch event were joined by Ali Dashti, the General Manager of BitOasis Bahrain, Ola Doudin, CEO and Co-Founder of BitOasis, and Sumit Gupta, Co-Founder of CoinDCX. 'Today marks a significant milestone as we proudly launch BitOasis in Bahrain,' said Ola Doudin, CEO and Co-Founder of BitOasis. 'BitOasis has always stood for trust, providing the best experience for users, and maintaining a robust platform. With the backing of CoinDCX for over a year now, we are accelerating that mission. 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.' This milestone comes at a time when the MENA region is rapidly emerging as one of the fastest-growing virtual asset markets globally. Fueling this momentum are forward-looking government initiatives across the GCC. Countries like the UAE are making significant investments in blockchain and digital infrastructure—signaling strong institutional support for the long-term growth of the sector. This commitment is further amplified by a young, tech-savvy population and proactive regulators working to establish a compliant and thriving crypto ecosystem. With internet penetration exceeding 99% in UAE and nearly 60% of the region's population under the age of 30, the GCC stands out as one of the most digitally native markets in the world, creating fertile ground for large-scale crypto adoption. The numbers reflect this trajectory. According to IMARC Consulting, the GCC cryptocurrency market was valued at $744.3 million in 2024 and is projected to reach $3.5 billion by 2033, growing at a CAGR of 16.75%. Additionally, approximately 38% of crypto users in the region have annual incomes exceeding USD 15,000, reflecting a strong base of financially empowered individuals. '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 License 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. Our goal is to transform the market, building the most secure, compliant, and future-ready crypto platform in the region,' said Sumit Gupta, Co-Founder, CoinDCX. Since its inception in 2016, BitOasis has processed over USD 7.4 billion in trading volume and raised over USD 40 million in funding. This expansion into Bahrain comes on the heels of BitOasis securing a full Virtual Asset Service Provider (VASP) License from Dubai's Virtual Assets Regulatory Authority in December 2024.
Biz Bahrain
15-05-2025
- Business
- Biz Bahrain
BitOasis Expands to Bahrain, Bringing Secure and Trusted Crypto Trading to the GCC
BitOasis, the Middle East and North Africa's (MENA) leading regional virtual assets trading platform, has officially launched its operations in Bahrain, reinforcing its position as the region's most trusted, compliant, and locally rooted broker-dealer platform. BitOasis Bahrain will operate under a Crypto-Asset Services License from the Central Bank of Bahrain, delivering secure, compliant, and robust trading services for retail, corporate, and institutional users. Designed to cater to all types of traders, it offers an easy-to-navigate interface for beginners, while also providing advanced features for more experienced traders seeking sophisticated tools. To expand its presence in the region, BitOasis has launched premium services for high-net-worth individuals and institutional clients, featuring exclusive VIP offerings and dedicated relationship support. The platform also supports local bank transfers, ensuring seamless and efficient deposits and withdrawals across the GCC. Attendees at the launch event were joined by Ali Dashti, the General Manager of BitOasis Bahrain, Ola Doudin, CEO and Co-Founder of BitOasis, and Sumit Gupta, Co-Founder of CoinDCX. 'Today marks a significant milestone as we proudly launch BitOasis in Bahrain,' said Ola Doudin, CEO and Co-Founder of BitOasis. 'BitOasis has always stood for trust, providing the best experience for users, and maintaining a robust platform. With the backing of CoinDCX for over a year now, we are accelerating that mission. 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.' This milestone comes at a time when the MENA region is rapidly emerging as one of the fastest-growing virtual asset markets globally. Fueling this momentum are forward-looking government initiatives across the GCC. Countries like the UAE are making significant investments in blockchain and digital infrastructure—signaling strong institutional support for the long-term growth of the sector. This commitment is further amplified by a young, tech-savvy population and proactive regulators working to establish a compliant and thriving crypto ecosystem. With internet penetration exceeding 99% in UAE and nearly 60% of the region's population under the age of 30, the GCC stands out as one of the most digitally native markets in the world, creating fertile ground for large-scale crypto adoption. The numbers reflect this trajectory. According to IMARC Consulting, the GCC cryptocurrency market was valued at $744.3 million in 2024 and is projected to reach $3.5 billion by 2033, growing at a CAGR of 16.75%. Additionally, approximately 38% of crypto users in the region have annual incomes exceeding USD 15,000, reflecting a strong base of financially empowered individuals. '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 License 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. Our goal is to transform the market, building the most secure, compliant, and future-ready crypto platform in the region,' said Sumit Gupta, Co-Founder, CoinDCX. Since its inception in 2016, BitOasis has processed over USD 7.4 billion in trading volume and raised over USD 40 million in funding. This expansion into Bahrain comes on the heels of BitOasis securing a full Virtual Asset Service Provider (VASP) License from Dubai's Virtual Assets Regulatory Authority in December 2024.
Kuwait Times
05-05-2025
- Business
- Kuwait Times
Gulf Bank celebrates graduation of its executives from Harvard Business School
Program focused on 'Strategic Leadership in the Age of Financial Sustainability' KUWAIT: In line with its continued commitment to nurturing national talent and empowering the next generation of leaders, Gulf Bank is proud to celebrate the graduation of several senior executives from the 'Strategic Leadership in the Age of Financial Sustainability' program. Developed in collaboration with Harvard Business School, the program is tailored to equip leaders in the banking and financial sectors with the strategic tools and insights required to thrive in today's rapidly changing economic environment. The program features a curriculum rooted in real-world case studies from diverse industries, designed to strengthen participants' analytical thinking and elevate their leadership abilities — reflecting the distinguished teaching approach of Harvard Business School. The graduating Gulf Bank leaders completed the 16th edition of the Executive Leadership Development Program, part of 'Kafaa', an initiative launched by the Central Bank of Kuwait in partnership with Kuwaiti banks and managed by the Kuwait Institute of Banking Studies (IBS). The initiative is focused on enhancing the expertise and leadership potential of Kuwaiti professionals in the financial industry. Among the Gulf Bank leaders who successfully completed the program and earned certificates from Harvard Business School are: • Ahmad Al-Saleh, Assistant General Manager of Legal Affairs • Ali Dashti, Chief Dealer of Treasury • Najla Aleisa, Chief Marketing Officer • Sarah Abdulkareem, Executive Manager of Risk Management Gulf Bank continues to place strong emphasis on investing in its people, recognizing that its employees are the driving force behind its success and long-term growth. By providing continuous opportunities for learning and development, the Bank reaffirms its commitment to building a future-ready workforce and solidifying its position as a leading financial institution in Kuwait. As one of the private sector's leading investors in human capital, Gulf Bank continues to empower its employees with the knowledge and experience needed to keep pace with the rapid transformation of the banking industry, both locally and globally. Gulf Bank aims to be Kuwait's leading bank, fostering a diverse and inclusive workplace to deliver exceptional customer service while contributing sustainably to the community. Through its extensive branch network and innovative digital services, the Bank empowers customers to conduct banking transactions conveniently and efficiently, ensuring a seamless experience. In alignment with Kuwait Vision 2035, 'New Kuwait,' and its commitment to fostering collaborative partnerships, Gulf Bank is dedicated to driving robust sustainability initiatives across environmental, social, and governance (ESG) dimensions. The Bank is committed to implementing strategically selected and diverse sustainability programs both internally and externally.
