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UAE crypto exchange BitOasis closes $30M Series B funding » CryptoNinjas

UAE crypto exchange BitOasis closes $30M Series B funding » CryptoNinjas

Crypto News
October 10, 2021 by Editorial Team
21
BitOasis, the Middle East and North Africa-based crypto exchange, announced today it has wrapped up its Series B round, the company has closed $30 million in funding from new and existing investors. This round was co-led by Chicago-based VC firm Jump Capital, along with MENA region’s Wamda, and seeks to propel BitOasis on an accelerated
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BitOasis, the Middle East and North Africa-based crypto exchange, announced today it has wrapped up its Series B round, the company has closed $30 million in funding from new and existing investors.

This round was co-led by Chicago-based VC firm Jump Capital, along with MENA region’s Wamda, and seeks to propel BitOasis on an accelerated growth path.

The fundraising round welcomed new investors including Alameda Research and Global Founders Capital, with existing investors Pantera Capital, Digital Currency Group, and NXMH further contributing.

“Our aim is to build the largest and most trusted cryptocurrency platform in the region, and our latest investment round serves as a vote of confidence in the BitOasis growth story. It further speaks to the state of interest in the MENA region’s growing crypto ecosystem, with global investors and venture capital heavyweights backing the region’s home-grown businesses. This new capital is going to equip us with the resources we need to expand our regional presence while ensuring high standards of regulatory compliance. We work proactively with regulators  across the region and will acquire licenses where available
Ola Doudin, CEO & Co-Founder of BitOasis



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