CoinDCX, India's largest cryptocurrency exchange, has made a strategic move by acquiring BitOasis, a virtual asset trading platform in the Middle East and North Africa (MENA) region. This acquisition marks CoinDCX's entry into the MENA market, showcasing its intent for broader expansion. BitOasis, known for its high trading volumes in Emirati dirhams, received a regulatory license from the Central Bank of Bahrain, allowing it to operate as a broker-dealer under strict conditions. Despite the acquisition, BitOasis will maintain its independence and regulatory oversight. The move is expected to enhance user experience on both platforms with a wider range of products and trading options. CoinDCX's co-founder, Sumit Gupta, emphasized the platform's support for users amid regulatory changes, offering secure deposit routes and incentives for transitioning to compliant exchanges. This development reflects CoinDCX's commitment to providing a secure and regulated trading environment for cryptocurrency investors. Read more AI-generated news on: https://app.chaingpt.org/news