BitOasis, the Middle East and North Africa\u2019s, regional virtual assets trading platform, has launched operations in Bahrain, reinforcing its position as the region\u2019s broker-dealer platform. BitOasis Bahrain will operate under a Crypto-Asset Services License from the Central Bank of Bahrain, delivering secure, compliant, and robust trading services for retail, corporate, and institutional users.<\/p>\n\n\n\n
Designed to cater to all types of traders, it offers an easy-to-navigate interface for beginners, while also providing advanced features for more experienced traders seeking sophisticated tools.<\/p>\n\n\n\n
To expand its presence in the region, BitOasis has launched premium services for high-net-worth individuals and institutional clients, featuring exclusive VIP offerings and dedicated relationship support. The platform also supports local bank transfers, ensuring seamless and efficient deposits and withdrawals across the GCC.<\/p>\n\n\n\n
Attendees at the launch event were joined by Ali Dashti, General Manager of BitOasis Bahrain, Ola Doudin, CEO and Co-Founder of BitOasis, and Sumit Gupta, Co-Founder of CoinDCX.<\/p>\n\n\n\n
\u201cToday marks a significant milestone as we proudly launch BitOasis in Bahrain,\u201d said Ola Doudin, CEO and Co-Founder of BitOasis. \u201cWith the backing of CoinDCX for over a year now, we are accelerating that mission. CoinDCX\u2019s 200+ strong technology team now powers the platform\u2019s backend, unlocking faster performance, deeper liquidity, stronger security, and a significantly enhanced product suite. Our ambition is clear: to reach one million users across the region by 2026, setting the gold standard for compliance, innovation, and customer experience.\u201d<\/p>\n\n\n\n
This milestone comes at a time when the MENA region is rapidly emerging as one of the fastest-growing virtual asset markets globally. Fuelling this momentum are forward-looking government initiatives across the GCC. Countries like the UAE are making significant investments in blockchain and digital infrastructure, signalling strong institutional support for the long-term growth of the sector.<\/p>\n\n\n\n
This commitment is further amplified by a young, technology-savvy population and proactive regulators working to establish a compliant and thriving crypto ecosystem. With internet penetration exceeding 99% in UAE and nearly 60% of the region\u2019s population under the age of 30, the GCC stands out as one of the most digitally native markets in the world, creating fertile ground for large-scale crypto adoption.<\/p>\n\n\n\n
The numbers reflect this trajectory. According to IMARC Consulting, the GCC cryptocurrency market was valued at $744.3 million in 2024 and is projected to reach $3.5 billion by 2033, growing at a CAGR of 16.75%. Additionally, approximately 38% of crypto users in the region have annual incomes exceeding US$ 15,000, reflecting a strong base of financially empowered individuals.<\/p>\n\n\n\n
\u201cFor CoinDCX, MENA is not a market to merely enter, it\u2019s a region to co-build. Since acquiring BitOasis in July 2024, we’ve seen tremendous progress. BitOasis secured a full VASP License from VARA in December 2024, and with its launch in Bahrain, we’re further strengthening our regional presence. By joining forces, we’re creating a platform that\u2019s local at heart but global in strength. Our goal is to transform the market, building the most secure, compliant, and future-ready crypto platform in the region,\u201d said Sumit Gupta, Co-Founder, CoinDCX.<\/p>\n\n\n\n
Since its inception in 2016, BitOasis has processed over US$ 7.4 billion in trading volume and raised over US$ 40 million in funding. This expansion into Bahrain comes on the heels of BitOasis securing a full Virtual Asset Service Provider, VASP License from Dubai\u2019s Virtual Assets Regulatory Authority in December 2024.<\/p>\n\n\n\n
BitOasis, a CoinDCX group company, is the regional cryptocurrency trading platform in the Middle East and North Africa. Headquartered in Dubai and established in 2016, BitOasis is a pioneer of the region\u2019s virtual assets ecosystem, serving as the go-to platform for first-time cryptocurrency buyers and professional traders alike.<\/p>\n\n\n\n
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