Coinbase Expands Investment in CoinDCX, Strengthening BitOasis and MENA Presence
Coinbase has expanded its investment in India’s CoinDCX, the parent company of BitOasis, marking a significant step in its growing footprint across regulated crypto markets. The completion of the funding remains subject to regulatory approvals and customary closing conditions. Once finalized, the round will value CoinDCX at $2.45 billion post-money, empowering BitOasis to scale operations, deepen liquidity, and deliver an enhanced trading experience to users across the Middle East and North Africa.
A Strategic Boost for BitOasis
The investment strengthens BitOasis’s position as a leading regional crypto platform licensed under Dubai’s Virtual Assets Regulatory Authority (VARA). With CoinDCX’s backing and Coinbase’s renewed confidence, BitOasis is set to leverage expanded resources to offer a broader product suite, greater liquidity, and enhanced user security.
“This development unlocks a new chapter for BitOasis. With CoinDCX’s support and Coinbase’s expanded investment, we are poised to deliver deeper liquidity, stronger security, and a truly elevated 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 evolved 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 latest investment signals Coinbase’s growing influence across regulated crypto markets worldwide. By deepening its ownership in CoinDCX — which now owns BitOasis and Deribit, the derivatives exchange licensed under VARA — Coinbase’s indirect regulatory reach now extends strongly into the MENA region.
Earlier this year, Deribit’s Dubai-based entity secured a conditional VASP license from VARA to offer spot and derivatives services. This move aligns with Coinbase’s broader strategy of associating with regulated entities rather than operating unlicensed in emerging markets — a shift Unlock Blockchain highlighted in “After Deribit, Coinbase Signals It’s Not Done Shopping.”
Together, 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 Corridor and a New Phase for Crypto
As the India–UAE crypto corridor continues to mature, this partnership represents more than an investment. It highlights a growing convergence between India’s innovation-driven Web3 market and the UAE’s regulatory clarity — a model that could define the next stage of global crypto adoption.
Unlock Blockchain first reported on this development in “From Rumors to Reality: Coinbase Invests in CoinDCX, Strengthening the India–UAE Crypto Corridor,” which explored the background and regional impact of Coinbase’s renewed involvement.
