India, May 15 -- Homegrown crypto exchange CoinDCX has expanded its presence in the Middle East and North Africa (MENA) region with the launch of its virtual asset trading platform BitOasis in Bahrain.

In a statement, the company said that BitOasis was launched in the Middle-Eastern nation after receiving a crypto-asset services license from the Central Bank of Bahrain. CoinDCX said that its platform will cater to all types of traders including retail, corporate, and institutional users.

"Our expansion into the MENA region is driven by clear regulatory frameworks, a growing investor appetite, and larger HNI investment ticket sizes. BitOasis brings unmatched regional credibility, while CoinDCX contributes the scale and innovation of a 'M...