UAE crypto exchange BitOasis raises $30M to expand in MENA
“Our aim is to build the largest and most trusted cryptocurrency platform in the region,” BitOasis CEO Ola Doudin said. Dubai-based cryptocurrency trading platform BitOasis is expanding in the Middle East and North Africa (MENA) with another major funding round.BitOasis closed a $30-million Series B funding round led by Chicago-based venture capital firm Jump Capital and Dubai-based VC company Wamda Capital, according to a Tuesday announcement.Wamda previously invested in BitOasis back in 2016, leading a seed funding round of an undisclosed sum. The latest round included new investors,....
Related News
BitOasis has secured additional funding to expand their presence beyond the United Arab Emirates. The round of financing received support from Digital Currency Group and various tech angel investors. BitOasis Funding is a Success. Most people will know BitOasis as a Bitcoin wallet and exchange service operating in the Middle East and North Africa. The....
Ola Doudin, a female Jordanian entrepreneur, has launched a bitcoin wallet and exchange, BitOasis, in Dubai, after having difficulty finding any place to buy bitcoin in the region, according to The National Business in the United Arab Emirates. BitOasis plans to be the first bitcoin company in the Middle Eastern and North Africa (MENA) region to be registered in a major technology center in the region, according to its website. The wallet service is available in the Middle East, North Africa and Asia. Users in Saudi Arabia, the UAE, Kuwait, Qatar and Bahrain can also use the exchange....
Online payment service provider PayFort is among a number of participants to invest in a seed funding round for Dubai-based bitcoin startup BitOasis. Additional participants included MENA-focused venture capital firm Wamda Capital, early Internet entrepreneur Samih Toukan, serial industry investor Digital Currency Group and a group of unnamed angel investors. The total amount raised was not disclosed. With the announcement, BitOasis becomes the first bitcoin startup in the region to announce venture funding, which positions the firm at the forefront of a very nascent sector of the global....
A major cryptocurrency exchange in the UAE, Bitoasis, has obtained provisional approval from Dubai’s new cryptocurrency regulator. Binance and FTX have also been green-lighted by the regulator. Bitoasis Pursuing License From Dubai’s New Crypto Regulator Bitoasis, a major crypto exchange founded and headquartered in Dubai, announced Wednesday that it has received “provisional approval” from Dubai’s new crypto regulator, the Virtual Assets Regulatory Authority (VARA). Dubai adopted its first law to regulate the crypto sector earlier this month and....
Dubai-based bitcoin startup BitOasis has announced its first round of seed funding, in a round led by venture capital firm Wamda Capital, an investor focused on startups in the MENA (Middle-East and North Africa) region. BitOasis, a bitcoin wallet and exchange service that caters to several Arab countries, has announced its first round of seed funding. Participating investors include prominent bitcoin- and blockchain-space investor Digital Currency Group (DCG), payments processor Payfort, Samih Toukan – a tech entrepreneur and other unnamed angel investors based in Dubai and New York. The....