BitOasis Officially launches Trading operations in Bahrain
BitOasis, a leading virtual assets trading platform in the Middle East and North Africa (MENA), has officially launched operations in Bahrain, further consolidating its role as a compliant and trusted crypto broker-dealer in the region.
The Bahrain arm of BitOasis will operate under a Crypto-Asset Services License issued by the Central Bank of Bahrain, offering digital asset trading services to retail, corporate, and institutional clients.
'This launch is a key milestone,' said Ola Doudin, CEO and Co-Founder of BitOasis, during the official inauguration attended by Ali Dashti, General Manager of BitOasis Bahrain, and Sumit Gupta, Co-Founder of CoinDCX. 'With CoinDCX's tech infrastructure and support, we're aiming for one million users by 2026 and striving to set the gold standard in compliance and customer experience.'
BitOasis, which was acquired by Indian crypto unicorn CoinDCX in July 2024, now benefits from the technical muscle of CoinDCX's 200+ member tech team—resulting in improved platform performance, security, and product offerings.
The Bahrain launch includes premium services for high-net-worth and institutional clients, alongside local banking integration for seamless GCC-wide deposits and withdrawals.
The move comes as the MENA region experiences rapid crypto market growth, driven by tech-savvy youth, proactive regulations, and supportive government strategies. According to IMARC Consulting, the GCC crypto market—valued at $744.3 million in 2024 —is expected to soar to $3.5 billion by 2033, with a projected CAGR of 16.75%.
'Since securing a full VASP License in Dubai last December, BitOasis has made tremendous strides,' said Gupta. 'Our launch in Bahrain signals our deep commitment to co-building a secure and compliant crypto ecosystem across the MENA region.'
Founded in 2016, BitOasis has processed over $7.4 billion in trading volume and raised more than $40 million in funding.
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