Dubai-Based Crypto Exchange BitOasis Secures $30 Million Funding

Dubai-Based Crypto Exchange BitOasis Secures $30 Million Funding

UAE-based digital asset exchange BitOasis has raised $30 million in a Series B round co-led by US VC firm Jump Capital and returning investor Wamda, BitOasis announced in a statement. The round was also joined by Alameda Research, Global Founders Capital, and existing investors including; Pantera Capital, Digital Currency Group, and NXMH.

The Series B round was led by Chicago-based VC firm Jump Capital, along with Jordanian startup platform Wamda. 

Ola Doudin, CEO & co-founder of BitOasis said, “Our aim is to build the largest and most trusted cryptocurrency platform in the region, and our latest investment round serves as a vote of confidence in the BitOasis growth story. It further speaks to the state of interest in the MENA region’s growing crypto ecosystem, with global investors and venture capital heavyweights backing the region’s home-grown businesses.”