Crypto Exchange BitOasis Raises $30M Funding to Fuel Geographic Expansion

Crypto exchange BitOasis has raised $30 million in a Series B funding round co-led by Jump Capital and venture capital firm Wamda, which focuses on the Middle East and North Africa.

The money will be used to fund the Dubai-based exchange’s expansion in the region and to meet regulatory compliance.Other investors included Alameda Research – the investment vehicle of FTX CEO Sam Bankman-Fried, Global Founders Capital and existing investors including Pantera Capital, Digital Currency Group and NXMH.“We will also be working towards solidifying our presence and refining our product offering in the countries we already operate in,” CEO Ola Doudin said.CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in BitOasis.

Read more: Alameda Research Pumps $20M Into Cross-Chain DeFi Platform Reef Finance

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