Wamda co-leads BitOasis $30 Million Series B round

Wamda co-leads BitOasis $30 Million Series B round

UAE-based cryptocurrency exchange BitOasis has raised $30 million in a Series B round co-led by Wamda and US-based VC Jump Capital.

The fundraising round also includes new investors, such as Alameda Research and Global Founders Capital, with existing investors such as Pantera Capital, Digital Currency Group, and NXMH. 

Founded in 2015, BitOasis is the Middle East region’s first and largest crypto asset exchange. The fintech recently acquired regulatory approvals from the Abu Dhabi General Market (ADGM) and has partnered with both UAE and Dubai Police to help combat crypt fraud. 

Co-founder and CEO Ola Doudin said: “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.” 

Press release:

UAE-based cryptocurrency exchange BitOasis has raised $30 million in a Series B round co-led by Wamda, the Middle East region’s leading startup ecosystem enabler, and US-based VC Jump Capital.

The fundraising round also includes new investors, such as Alameda Research and Global Founders Capital, with existing investors such as Pantera Capital, Digital Currency Group, and NXMH and is set to propel BitOasis