BitOasis, the cryptocurrency exchange in the Middle East and North Africa, announced today that it has concluded its Series B round, with the company closing $30 million in funding from new and existing investors.
This round was co-led by Chicago-based Jump Capital, along with Wamda in the MENA region, and seeks to propel BitOasis on an accelerated growth path.
The fundraising round welcomed new investors including Alameda Research and Global Founders Capital, with existing investors Pantera Capital, Digital Currency Group and NXMH contributing.
“Our goal is to build the largest and most trusted cryptocurrency platform in the region, and the latest investment round is a vote of confidence in BitOasis’ growth story. It also speaks to the state of interest in the growing cryptocurrency ecosystem in the MENA region, supported by global investors and venture capital. Venture companies with significant weight in the region. This new capital will provide us with the resources we need to expand our regional presence while ensuring high standards of regulatory compliance. We are working proactively with the regulators across the region and you’ll get licenses as they become available “
– Ola Dudin, CEO and Co-Founder of BitOasis