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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.
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.
Read more: Alameda Research Pumps $20M Into Cross-Chain DeFi Platform Reef Finance
STORY CONTINUES BELOW
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Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
