BitOasis, the MENA region’s leading virtual assets trading platform, has officially launched operations in Bahrain. It will operate under a Crypto-Asset Services License from the Central Bank of Bahrain, offering secure and compliant trading for retail, corporate, and institutional users.
Designed for All Traders
The platform features an intuitive interface for beginners and advanced tools for experienced traders. It also supports local bank transfers for smooth deposits and withdrawals across the GCC.
Premium Services for High-Value Clients
BitOasis introduced VIP services tailored for high-net-worth individuals and institutional clients, offering exclusive access and dedicated relationship support.
Leadership at Launch Event
The Bahrain launch event included appearances by BitOasis Bahrain General Manager Ali Dashti, BitOasis CEO and Co-Founder Ola Doudin, and CoinDCX Co-Founder Sumit Gupta.
“Today marks a significant milestone as we proudly launch BitOasis in Bahrain,” said Doudin. “BitOasis has always stood for trust, providing the best experience for users, and maintaining a robust platform. With the backing of CoinDCX for over a year now, we are accelerating that mission. CoinDCX’s 200+ strong technology team now powers the platform’s backend, unlocking faster performance, deeper liquidity, stronger security, and a significantly enhanced product suite. Our ambition is clear: to reach one million users across the region by 2026, setting the gold standard for compliance, innovation, and customer experience.”
Crypto Momentum in MENA
BitOasis’ expansion comes amid rapid growth in the region’s virtual asset market. Government investments in blockchain, coupled with a young, tech-savvy population and proactive regulation, are fueling crypto adoption.
Market Outlook
IMARC Consulting valued the GCC’s crypto market at $744.3 million in 2024, projecting growth to $3.5 billion by 2033 at a CAGR of 16.75%. About 38% of crypto users in the region earn more than $15,000 annually.
CoinDCX Partnership Strengthens Growth
“For CoinDCX, MENA is not a market to merely enter—it’s a region to co-build,” said Gupta. “Since acquiring BitOasis in July 2024, we’ve seen tremendous progress. BitOasis secured a full VASP License from VARA in December 2024, and with its launch in Bahrain, we’re further strengthening our regional presence. By joining forces, we’re creating a platform that’s local at heart but global in strength. Our goal is to transform the market, building the most secure, compliant, and future-ready crypto platform in the region.”
BitOasis Track Record
Since its founding in 2016, BitOasis has processed over $7.4 billion in trades and raised more than $40 million in funding. Its Bahrain entry follows its approval as a full Virtual Asset Service Provider by Dubai’s Virtual Assets Regulatory Authority in late 2024.
