BitOasis Launches in Bahrain, Expands Regional Footprint with CoinDCX Backing

BitOasis, the leading virtual asset trading platform in the Middle East and North Africa (MENA), has officially launched its operations in Bahrain, further establishing itself as the region’s most trusted and locally embedded broker-dealer. Operating under a Crypto-Asset Services License issued by the Central Bank of Bahrain, BitOasis Bahrain will provide compliant, secure, and advanced crypto trading services tailored for retail, corporate, and institutional clients.

The platform’s user-friendly interface caters to beginners, while also offering advanced tools for experienced traders. In a strategic push to scale its footprint in the region, BitOasis is rolling out premium services targeting high-net-worth and institutional investors—complete with exclusive VIP features and dedicated relationship management. Local bank transfer support ensures fast and seamless deposits and withdrawals across GCC countries.

The launch event was attended by BitOasis Bahrain General Manager Ali Dashti, BitOasis CEO and Co-Founder Ola Doudin, and CoinDCX Co-Founder Sumit Gupta.

(L-R) Ola Doudin, CEO and Co-Founder, BitOasis, Ali Dashti, General Manager, BitOasis Bahrain, and Sumit Gupta, Co-Founder of CoinDCX.

“Today marks a significant milestone as we proudly launch BitOasis in Bahrain,” said Ola Doudin. “BitOasis has always stood for trust, providing the best experience for users, and maintaining a robust platform. With the backing of CoinDCX for over a year now, we are accelerating that mission. CoinDCX’s 200+ strong technology team now powers the platform’s backend, unlocking faster performance, deeper liquidity, stronger security, and a significantly enhanced product suite. Our ambition is clear: to reach one million users across the region by 2026, setting the gold standard for compliance, innovation, and customer experience.”

BitOasis’ expansion into Bahrain comes at a time when the MENA region is emerging as a global growth leader in the digital assets space. Governments across the GCC are investing heavily in blockchain and digital infrastructure, fostering a pro-innovation environment with regulatory support. With internet penetration in the UAE surpassing 99% and nearly 60% of the regional population under 30, the region is poised for widespread crypto adoption.

Recent market research by IMARC Consulting projects that the GCC’s crypto market—valued at $744.3 million in 2024—will grow to $3.5 billion by 2033, with a compound annual growth rate of 16.75%. The study also found that around 38% of crypto users in the region earn over $15,000 annually, indicating a strong foundation of financially capable participants.

“For CoinDCX, MENA is not a market to merely enter—it’s a region to co-build,” said Sumit Gupta. “Since acquiring BitOasis in July 2024, we've seen tremendous progress. BitOasis secured a full VASP License from VARA in December 2024, and with its launch in Bahrain, we're further strengthening our regional presence. By joining forces, we're creating a platform that’s local at heart but global in strength. Our goal is to transform the market, building the most secure, compliant, and future-ready crypto platform in the region.”

Founded in 2016, BitOasis has facilitated more than $7.4 billion in trading volume and raised over $40 million in capital. Its Bahrain debut closely follows the platform's licensing success in Dubai, where it was granted a full Virtual Asset Service Provider (VASP) License by the Virtual Assets Regulatory Authority (VARA) in December 2024.