Crypto exchange BitOasis has attracted investments
Date: 2023-08-26 Author: Karina Ziganova Categories: BUSINESS, IN WORLD
Dubai-based crypto exchange BitOasis has raised funds but has not disclosed the amount of funding. The investors were the Indian cryptocurrency exchange CoinDCX, as well as Wamda Capital and Jump Capital.
In a company statement, it says what the funding will be used for:
"The new capital will help expand BitOasis' presence in the region, drive sustainable growth, and deliver on the roadmap."
The news was also commented on by BitOasis CEO Ola Dudin. She said the company and its investors share a common vision for local markets, and the new investment will allow them to focus on improving existing products.
In 2022, the exchange reduced staff due to the general downturn in the cryptocurrency market. According to representatives of BitOasis, now the company employs about 70 employees.
Also in early July, the Dubai Virtual Assets Regulatory Authority suspended the license of the BitOasis cryptocurrency exchange in the region.
