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
