Coinbase has increased its investment in CoinDCX, the parent company of BitOasis, marking a key milestone in its expansion across regulated crypto markets. The completion of this funding is still subject to regulatory approvals and customary closing conditions. Once finalized, the round will value CoinDCX at $2.45 billion post-money, enabling BitOasis to scale operations, enhance liquidity, and provide an improved trading experience to users across the Middle East and North Africa (MENA).
A Strategic Boost for BitOasis
The investment strengthens BitOasis as a leading regional crypto platform licensed under Dubai’s Virtual Assets Regulatory Authority (VARA). With support from CoinDCX and renewed confidence from Coinbase, BitOasis will leverage additional resources to offer a wider product suite, higher liquidity, and enhanced user security.
“This development opens a new chapter for BitOasis. With CoinDCX’s backing and Coinbase’s expanded investment, we are ready to deliver deeper liquidity, stronger security, and a superior user experience,” said Ola Doudin, Co-Founder and CEO of BitOasis. “Our goal is to empower over one million traders across MENA by 2026, setting a benchmark for compliance and innovation in the region.”
CoinDCX: From India’s Largest Exchange to a Global Force
CoinDCX, India’s largest crypto exchange, has grown from serving a local market of over 20 million users to building a global ecosystem that includes BitOasis in MENA and other Web3 ventures under the DCX Group.
“Coinbase’s decision to deepen its investment validates CoinDCX’s long-term vision and compliance-driven growth strategy,” said Sumit Gupta, Co-Founder of CoinDCX. “Together, we aim to advance a transparent and globally integrated crypto ecosystem across India, MENA, and beyond.”
Coinbase, which first invested in CoinDCX in 2020, described the additional funding as a reflection of its confidence in CoinDCX’s responsible growth and compliance-first approach.
“India and the Middle East are among the most dynamic regions for crypto adoption and innovation. We’re excited to support CoinDCX’s continued growth and look forward to expanding our partnership in the months ahead”
said Shan Aggarwal, Chief Business Officer at Coinbase.
Coinbase’s Expanding Footprint in Regulated Markets
This investment highlights Coinbase’s growing influence in regulated crypto markets worldwide. By increasing its stake in CoinDCX — which now owns BitOasis and Deribit, the derivatives exchange licensed under VARA — Coinbase’s indirect regulatory presence now extends strongly into the MENA region.
Earlier this year, Deribit’s Dubai-based entity obtained a conditional VASP license from VARA to offer spot and derivatives services. This aligns with Coinbase’s strategy of associating with regulated entities rather than operating unlicensed in emerging markets.
These developments underscore Coinbase’s deliberate positioning: owning stakes in licensed, compliant, and regionally influential exchanges — from India’s CoinDCX to Dubai’s BitOasis and Deribit — effectively strengthening its regulated global presence.
The India–UAE Crypto Corridor and a New Phase for Crypto
As the India–UAE crypto corridor matures, this partnership represents more than an investment. It highlights the convergence between India’s innovation-driven Web3 market and the UAE’s regulatory clarity — a model that could shape the next stage of global crypto adoption.
Sources:
- Deribit FZE
- From Rumors to Reality: Coinbase Invests in CoinDCX, Strengthening the India–UAE Crypto Corrido
- BitOasis’ parent company CoinDCX, announces investment from Coinbase