In Brief:
- Crypto exchange BitOasis raises $30 Million in Series B funding round
- The round was led by Jump Capital along with the MENA region’s Wamda
- BitOasis will use this funding to build a future in which more people can access crypto ecosystem
BitOasis, the Middle East and North Africa’s leading crypto-asset exchange has wrapped up its Series B round, closing $30 million in funding from global and regional investors.
The round was led by Chicago-based Jump Capital along with the MENA region’s Wamda. In addition to Pantera Capital, Digital Currency Group, and NXMH, new investors including Alameda Research and Global Founders Capital also participated, along with existing investors.
This new capital will allow BitOasis to expand its regional presence while ensuring high levels of regulatory compliance. They proactively work with regulators and seek licenses where appropriate.
CEO of BitOasis Ola Doudin said, “Our aim is to build the largest and most trusted cryptocurrency platform in the region.”
She further added, “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.”
“We’re delighted to partner with BitOasis as they scale their leading blockchain platform in the Middle East,” says Peter Johnson, Partner at Jump Capital.
He further added, “We are attracted to this company because it combines the elements we look for when investing in international crypto exchanges – a team that fully understands the market, a focus on regulatory compliance, and the ability to build a leading brand.”
“BitOasis is proof that you have to have passionate founders, a functional team, and a culture of unity in order to build a world-class company. We have all three here,” says Fares Ghandour, Partner at Wamda.
He added, Since its inception, Wamda has supported the region’s leading and most credible exchange
BitOasis will use this funding to build a future in which more people can access the crypto ecosystem, with many joining cryptocurrency for the first time. In addition to expanding geographically, the company says it plans to grow in its existing markets
