Dubai’s digital asset platform BitOasis reports sh H1 2021 results

Dubai’s first and the largest digital asset platform BitOasis reports strong H1 2021 results with trading volumes to date exceeding $3 billion.

The cryptocurrency platform BitOasis has been a pioneer in middle east since its take off in 2015, the company has been doubling its user base since the last six months.

The company has registered itself in Abu Dhabi Global Market (ADGM) to became the first authorised platform to operate a regulated Multilateral Trading Facility (MTF) and Custody platform for digital assets in ADGM and the UAE, to serve retail, accredited investors, trading firms and institutions.

The platform allows the buying and selling of digital assets with local currencies, and will launch after securing additional launch approvals from the FSRA. BitOasis’ parent company will be seeking additional licenses across the region to further expand its footprint and offering.

The Chief Executive Officer and co-founder of BitOasis, Ola Doudin, said:

“The first half of 2021 has been one of many milestones, both in terms of performance for BitOasis – processing over US$3 billion, and a doubling of users. This sends a strong message of confidence in the region’s crypto market for the long-term.

“The growth trajectory for BitOasis includes expansion of our team in a number of countries across the region, acquiring additional regulatory licenses, and ensuring we remain industry leaders in serving the market by rolling out more tokens and products for our users.”

The crypto ecosystem in the region is set to improve with more crypto-friendly regulation and BitOasis aims to continue working more proactively with the policymakers to drive this mainstream adoption.

The platform will launch after securing additional launch approvals from the Financial Services Regulatory Authority (FSRA). BitOasis parent company will also be seeking additional licenses across the region to further expand its offering and footprint.