According to ChainCatcher, Coindesk reported that Indian cryptocurrency exchange CoinDCX has acquired trading platform BitOasis. The specific acquisition amount has not been disclosed. This is its first foray into the Middle East and North Africa (MENA) market. The acquisition will help BitOasis expand its business in the region.

It is reported that CoinDCX is one of the most well-known cryptocurrency exchanges in India, with more than 15 million users and a quarterly spot trading volume of more than US$840 million. Previously, BitOasis has obtained a license to conduct brokerage business in Bahrain and obtained an operating license in its native UAE.