The Middle East & North Africa’s leading crypto asset exchange BitOasis has wrapped up its Series B round, announcing that it’s closing $30 Million in funding from new and existing investors.
The round is co-led by Chicago-based VC firm Jump Capital, along with MENA region’s Wamda, and is set to propel BitOasis on to an accelerated growth trajectory.
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.
Ola Doudin, CEO & co-founder of BitOasis said, “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.”
“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 .”
