UAE cryptocurrency exchange BitOasis completes US$30 million in Series B financing »CryptoNinjas


Bit Oasis Cryptocurrency exchange based in the Middle East and North Africa, Announced today that it has closed its B round of financing, and the company has received 30 million US dollars in funding from new and existing investors.

This round of financing was jointly led by Chicago venture capital firm Jump Capital and Wamda in the MENA region to promote BitOasis on the path of accelerated growth.

This round of financing ushered in new investors including Alameda Research and Global Founders Capital, and existing investors Pantera Capital, Digital Currency Group and NXMH further contributed.

“Our goal is to build the largest and most trusted cryptocurrency platform in the region. Our latest round of investment is a vote of confidence in the growth story of BitOasis. It further illustrates the interest in the growing crypto ecosystem in the Middle East and North Africa. , Global investors and venture capital giants support local companies in the region. This new capital will provide us with the resources needed to expand our regional business while ensuring high standards of regulatory compliance.We actively cooperate with regulators In the entire region and will obtain a license if available
—— Ola Doudin, CEO and Co-founder of BitOasis



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