Indian cryptocurrency exchange CoinDCX has acquired UAE-based BitOasis in a strategic move to expand its global presence. This acquisition leverages the growing interest in crypto investments in the MENA region, providing CoinDCX with a foothold in a more stable market. Amidst regulatory uncertainty in India, including a 30% tax on crypto gains, the acquisition offers CoinDCX an alternative growth strategy. BitOasis investors will receive equity in CoinDCX, ensuring a profitable exit.
