Latest news with #Crypto-AssetServicesLicense
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.
Fintech News ME
15-05-2025
- Business
- Fintech News ME
Dubai's BitOasis Expands to Bahrain Under Central Bank License
BitOasis, a virtual assets trading platform based in Dubai, has officially launched its operations in Bahrain. 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.
