CoinDCX acquires BitOasis in international expansion push [TechCrunch]
Coinbase Global, Inc. - Class A (COIN)
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Source: TechCrunch
The Bengaluru-based startup said BitOasis's team is joining CoinDCX, with the original leadership continuing to manage the exchange, which offers trading in more than 60 tokens. BitOasis will also retain its branding, CoinDCX told TechCrunch. Dubai-based BitOasis had secured over $40 million in funding during its eight-year history. The two firms didn't disclose the financial terms of the deal, but a CoinDCX spokesperson told TechCrunch that BitOasis investors would receive equity in CoinDCX, adding that the deal was profitable for BitOasis backers. The expansion comes amid a prolonged period of regulatory hostility towards cryptocurrency in India, with the local central bank maintaining pressure on other lenders to avoid conducting business with crypto firms. India remains one of the least friendly jurisdictions for crypto traders, imposing a 30% tax on digital asset gains The regulatory environment, coupled with a downturn in the broader market, has forced top crypto companie
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