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Coin

<ul class="news-points"> 
 <li>Indian crypto exchange CoinDCX acquires UAE-based BitOasis.</li> 
 <li>The move expands CoinDCX’s global reach amidst India’s regulatory challenges.</li> 
 <li>The acquisition leverages the growing interest in crypto investments in the MENA region.</li> 
</ul> 
Indian cryptocurrency exchange CoinDCX has acquired UAE-based BitOasis in a strategic move to expand its global presence. The financial terms of the deal remain undisclosed, but CoinDCX confirmed that <a href="https://coinedition.com/bitoasis-raises-funds-to-expand-its-operations-in-the-mena-region/">BitOasis investors</a> will receive equity in the acquiring company, ensuring a profitable exit. 
This acquisition comes as India grapples with regulatory uncertainty in the cryptocurrency sector. Facing regulatory headwinds, including the central bank’s opposition to digital assets and a 30% tax on crypto gains, Indian crypto firms are seeking alternative growth strategies. The move into the MENA region, with its more established regulatory framework, could offer CoinDCX a foothold in a more stable market while navigating the challenges at home. 
This deal highlights a broader <a href="https://coinedition.com/coindcx-and-koinbx-optimistic-despite-indias-strict-crypto-taxes/">trend of diversification</a> within India’s crypto industry. CoinSwitch Kuber, another major Indian exchange, has expanded its offerings to include stocks and mutual funds…
The post <a href="https://coinedition.com/coindcx-acquires-bitoasis-uae-in-mena-expansion/">CoinDCX Expands Global Reach with BitOasis Acquisition, Eyes $6 Billion MENA Market</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

CoinDCX Expands Global Reach with BitOasis Acquisition, Eyes $6 Billion MENA Market

Coin Edition

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