Middle East and North Africa’s leading crypto asset exchange, BitOasis has wrapped up its Series B round, closing $30 million in funding from global and regional investors. The funding round was co-led by Chicago-based VC firm Jump Capital, along with MENA region’s Wamda. New investors that joined the funding round include Alameda Research and Global Founders Capital, along with existing investors: Pantera Capital, Digital Currency Group, and NXMH.
“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. — Ola Doudin, BitOasis
According to Ola Doudin, “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.”
“We are thrilled to be backing BitOasis as they continue to scale the leading crypto platform in the Middle East. The company perfectly embodies the elements we seek when investing in international crypto exchanges – an exceptional team that deeply understands the market, a focus on regulatory compliance, and an ability to build a leading consumer brand.” — Peter Johnson, Partner at Jump Capital
BitOasis is the largest and most trusted cryptocurrency platform in the MENA region. Established in 2015, BitOasis is a pioneer of the region’s cryptocurrency ecosystem, serving as the go-to platform for first-time cryptocurrency buyers and professional traders alike. BitOasis aims to offer the most secure and regulated infrastructure in cryptocurrency trading for retail and institutional clients across the region.