Crypto Exchange BitOasis Raises $30M to Fuel Geographic Expansion

The Dubai-based exchange will use the funding to expand in the region and to meet regulatory compliance.

By Tanzeel Akhtar

Oct 6, 2021 at 1:05 p.m. UTC

Updated Oct 6, 2021 at 2:11 p.m. UTC

Dubai (Shutterstock)

Tanzeel Akhtar

Tanzeel Akhtar is a reporter based in London,UK.

Follow @Tanzeel_Akhtar on Twitter

Crypto exchange BitOasis has raised $30 million in a Series B funding round co-led by Jump Capital and venture capital firm Wamda Capital, which focuses on the Middle East and North Africa.

The money will be used to fund the Dubai-based exchange’s expansion in the region and to meet regulatory compliance.
Other investors included Alameda Research – the investment vehicle of FTX CEO Sam Bankman-Fried, Global Founders Capital and existing investors including Pantera Capital, Digital Currency Group and NXMH.
“We will also be working towards solidifying our presence and refining our product offering in the countries we already operate in,” CEO Ola Doudin said.
CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in BitOasis.

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