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Dubai crypto exchange BitOasis raises $30 million funding

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BitOasis exchanges secured $30 million through a B round fund raised amid increasing opportunities for the crypto business in Dubai.

On 6 October, BitOasis crypto exchange of Dubai announced that they raised a total of $30 million funds through Series B round funding. In this funding, many old and new investors participated to support the expansion of the crypto business of BitOasis in Dubai. 

The contributors of the BitOasis funding round were Alameda Research and existing stakeholders Digital Currency Group, NXMH and Pantera Capital. Here Alameda is a newcomer with BitOasis.

Ola Doudin, ceo and founder of the BitOasis crypto Exchange stated that they will push the crypto business of BitOasis exchanges under high Compliance with the regulations and rules. 

“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”

Jump partner Peter Johnson stated on this successful Series B round funding and said that they are happy to support BitOasis to bring the push for crypto platform in the middle east. 

Right now, BitOasis crypto exchange is a leading platform for the crypto users in Dubai. In the very starting of the first year, financial regulators of Dubai said that it will develop a regulatory framework for the industry of Dubai. And also BitOasis exchanges is supporting the Dubai police authorities to bring better control and operations on the crypto related businesses. Recently BitOasis and Dubai police team-up, so that BitOasis crypto exchange team can educate Dubai police authorities to help them to kick out scams and encounter illicit crypto crimes in Dubai. 

Read also: Billionaire George Soros Buying Crypto and Selling Stocks

Source: Dubai crypto exchange BitOasis raises $30 million funding

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