Indian cryptocurrency exchange CoinDCX has fully acquired UAE-based trading platform BitOasis.

The acquisition follows CoinDCX's initial investment in BitOasis last year.

BitOasis holds a license in Bahrain and operates in Dubai, making it a strategic asset for regional expansion.

CoinDCX aims to enhance user experience, offer a broader product portfolio, increase liquidity, and improve trading options.

CoinDCX has a compliance-first approach, evidenced by its registration with the Financial Intelligence Unit in India.

Founded in 2016, BitOasis has processed over $6 billion in trading volume and raised $40 million in funding.

The acquisition is expected to strengthen BitOasis' position in the MENA region and cater to growing crypto investment interest, particularly in the UAE.