BitOasis, the Middle East and North Africa-based crypto exchange, announced today that it has completed its Series B round and the company has closed $ 30 million in funding from new and existing investors.
This round was jointly led by the Chicago-based VC company Jump Capital together with Wamda from the MENA region and is intended to bring BitOasis on an accelerated growth path.
The fundraising round welcomed new investors, including Alameda Research and Global Founders Capital, with additional contributions from existing investors Pantera Capital, Digital Currency Group and NXMH.
“Our goal is to build the largest and most trusted cryptocurrency platform in the region, and our latest round of investments serves as a vote of confidence in BitOasis’ growth story. It also speaks to interest in the MENA region’s growing crypto ecosystem, with global investors and venture capital heavyweights supporting the region’s native businesses. This new capital will provide us with the resources we need to expand our regional presence while maintaining high standards of regulatory compliance. We work proactively with regulators throughout the region and license it when available “
– Ola Doudin, CEO & Co-Founder of BitOasis