According to ChainCatcher, Dubai-based cryptocurrency trading platform BitOasis announced the completion of a $30 million Series B financing round led by Jump Capital and Wamda, with participation from Alameda Research, Digital Currency Group, NXMH and Pantera Capital. Valuation information has not been disclosed. The new funds will be used to provide the resources needed to expand regional influence while ensuring high standards of regulatory compliance and obtaining licenses where possible.
According to Web3 asset data platform RootData, BitOasis aims to provide the most secure and regulated cryptocurrency trading infrastructure for retail and institutional customers in the region.