BlockBeats reported that on July 3, CoinDesk reported that Indian cryptocurrency trading platform CoinDCX acquired trading platform BitOasis for an undisclosed amount, marking its first expansion into the Middle East and North Africa region.

The acquisition will facilitate BitOasis’ expansion of its presence in the region, according to an emailed statement on Wednesday.

Previously, BitOasis received a license to operate a brokerage exchange in Bahrain. The Dubai-based company also holds a license in its native UAE.