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Dubai Crypto Exchange BitOasis Secures Investment from Jump Capital and Wamda

Dubai-based cryptocurrency exchange BitOasis has secured a round of funding from a group of investors, including Indian digital-asset platform CoinDCX. According to a Friday report from Bloomberg, the specific terms of the deal and the valuation of the exchange have not been disclosed. The report revealed that the recent funding round saw participation from existing investors Wamda Capital and Jump Capital. BitOasis, which was launched in 2016, offers services in several countries in the Middle East, including the United Arab Emirates, Saudi Arabia, Bahrain, and Kuwait. This latest investment follows BitOasis' successful fundraising efforts back in 2021, during which it raised $30 million.

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