Indian crypto exchange CoinDCX acquires UAE-based BitOasis. Indian cryptocurrency exchange CoinDCX has acquired UAE-based BitOasis in a strategic move to expand its global presence. The financial terms of the deal remain undisclosed, but CoinDCX confirmed that BitOasis investors will receive equity in the acquiring company, ensuring a profitable exit. This acquisition comes as India grapples […]
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- Indian crypto exchange CoinDCX acquires UAE-based BitOasis.
- The move expands CoinDCX’s global reach amidst India’s regulatory challenges.
- The acquisition leverages the growing interest in crypto investments in the MENA region.
Indian cryptocurrency exchange CoinDCX has acquired UAE-based BitOasis in a strategic move to expand its global presence. The financial terms of the deal remain undisclosed, but CoinDCX confirmed that BitOasis investors will receive equity in the acquiring company, ensuring a profitable exit.
This acquisition comes as India grapples with regulatory uncertainty in the cryptocurrency sector. Facing regulatory headwinds, including the central bank’s opposition to digital assets and a 30% tax on crypto gains, Indian crypto firms are seeking alternative growth strategies. The move into the MENA region, with its more established regulatory framework, could offer CoinDCX a foothold in a more stable market while navigating the challenges at home.
This deal highlights a broader trend of diversification within India’s crypto industry. CoinSwitch Kuber, another major Indian exchange, has expanded its offerings to include stocks and mutual funds…
The post CoinDCX Expands Global Reach with BitOasis Acquisition, Eyes $6 Billion MENA Market appeared first on Coin Edition.
