UAE - Mubasher: BitOasis, the UAE-based cryptocurrency exchange, has secured $30 million in a Series B round, co-led by Wamda, a startup ecosystem enabler, and the US-based VC Jump Capital.
The other investors participating in the fundraising round include Alameda Research, Global Founders Capital, Pantera Capital, Digital Currency Group, and NXMH, according to a recent press release.
BitOasis, the Middle East's first and largest crypto asset exchange, aims to accelerate its expansion plans.
The CEO and co-founder of BitOasis, Ola Doudin, said: "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."
Meanwhile, the Partner at Wamda, Fares Ghandour, commented: "BitOasis is testament to the fact that you need passionate founders, a solid team, and a culture of unity to build a resilient and world-class business, and that’s exactly what this company is."
