CoinDCX eyes over 30 Percent of its revenue from the MENA region

CoinDCX-Backed BitOasis Expands to Bahrain, Deepens Presence in MENA

Key Highlights:

• Make in India, Built for the World: India’s Largest Homegrown Exchange Accelerates Global Expansion, While Staying True to Its ‘Make in India’ Vision
• Strategic Launch in Bahrain marks the beginning of an aggressive growth plan across the GCC.
• 1 Million MENA Users by 2026: CoinDCX backed BitOasis will empower retail and institutional adoption across the region.
• 4x Revenue Growth Post-Acquisition: BitOasis now contributes 20% of CoinDCX’s total revenue; projected to drive 30% from the MENA region by 2026.

New Delhi – May 14, 2025 – CoinDCX, India’s largest crypto exchange, proudly announces the official launch of BitOasis operations in Bahrain—a strategic milestone in its mission to expand across the MENA region. CoinDCX acquired BitOasis in 2024, marking a significant step toward global expansion and unlocking new growth opportunities. BitOasis remains the leading virtual assets trading platform in the Middle East and North Africa, commanding the highest trading volumes in Emirati Dirhams.

“Our expansion into the MENA region is driven by clear regulatory frameworks, a growing investor appetite, and larger HNI investment ticket sizes. BitOasis brings unmatched regional credibility, while CoinDCX contributes the scale and innovation of a ‘Made in India’ platform. The results have been impressive—BitOasis has seen a 4x revenue growth, now contributing 20% to our total revenue. Looking ahead, we anticipate the region will account for over 30% of our revenue by 2026,” said Sumit Gupta, Co-Founder, CoinDCX.

BitOasis Bahrain will operate under a Crypto-Asset Services License from the Central Bank of Bahrain, delivering secure, compliant, and robust trading services for retail, corporate, and institutional users. Designed to cater to all types of traders, it offers an easy-to-navigate interface for beginners, while also providing advanced features for more experienced traders seeking sophisticated tools.

To expand its presence in the region, BitOasis has launched premium services for high-net-worth individuals and institutional clients, featuring exclusive VIP offerings and dedicated relationship support. The platform also supports local bank transfers, ensuring seamless and efficient deposits and withdrawals across the GCC.

“Today marks a significant milestone as we proudly launch BitOasis in Bahrain,” said Ola Doudin, CEO and Co-Founder of BitOasis. “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.”

This milestone comes at a time when the MENA region is rapidly emerging as one of the fastest-growing virtual asset markets globally. Fueling this momentum are forward-looking government initiatives across the GCC. Countries like the UAE are making significant investments in blockchain and digital infrastructure—signaling strong institutional support for the long-term growth of the sector.

This commitment is further amplified by a young, tech-savvy population and proactive regulators working to establish a compliant and thriving crypto ecosystem. With internet penetration exceeding 99% in UAE and nearly 60% of the region’s population under the age of 30, the GCC stands out as one of the most digitally native markets in the world, creating fertile ground for large-scale crypto adoption.

The numbers reflect this trajectory. According to IMARC Consulting, the GCC crypto market was valued at $744.3 million in 2024 and is projected to reach $3.5 billion by 2033, growing at a CAGR of 16.75%. Additionally, approximately 38% of crypto users in the region have annual incomes exceeding USD 15,000, reflecting a strong base of financially empowered individuals.

Since its inception in 2016, BitOasis has processed over USD 7.4 billion in trading volume and raised over USD 40 million in funding. This expansion into Bahrain comes on the heels of BitOasis securing a full Virtual Asset Service Provider (VASP) License from Dubai’s Virtual Assets Regulatory Authority in December 2024.

About CoinDCX

Established in 2018, CoinDCX is the largest crypto exchange in India, trusted by over 15 million registered users. Our mission is simple: to provide easy access to Web3 experiences and democratize investments in virtual digital assets. We prioritize user safety and security, strictly adhering to KYC and AML guidelines.

CoinDCX’s Web3 arm Okto Chain is leveling up chain abstraction by building a fully expressive orchestration layer.

Through CoinDCX Ventures, we have invested in over 15 innovative Web3 projects, reinforcing our dedication to the Web3 ecosystem. Our flagship educational initiative, #NamasteWeb3 empowers Indians with crypto knowledge, preparing them for the future of virtual digital assets.

CoinDCX’s vision and potential have gained the confidence of global investors, including Pantera, Steadview Capital, Kingsway, Polychain Capital, B Capital Group, Bain Capital Ventures, Cadenza, Draper Dragon, Republic, Kindred and Coinbase Ventures.

At CoinDCX, we are leading India towards the decentralized future of Web3 with an unwavering commitment to safety, simplicity, and compliance.