BitOasis, a leading virtual assets broker-dealer in the Middle East and North Africa (MENA), has received a full Virtual Asset Service Provider (VASP) License from Dubai’s Virtual Assets Regulatory Authority (VARA).
The VASP License enables BitOasis to expand services for retail, institutional, and qualified investors while pursuing additional regulatory approvals to enhance its product offerings. Established in Dubai in 2016, BitOasis was one of the first platforms to secure provisional approval from VARA after its launch in 2022.
“Securing the full VASP License is a testament to our team’s dedication to regulatory compliance and reinforces our resolve to lead the industry with integrity and accountability,” said Ola Doudin, Co-Founder and CEO of BitOasis. “We are excited to continue our growth and further enhance our products to meet the rapidly evolving needs of our clients.”
BitOasis, recently acquired by India-based crypto exchange CoinDCX in July 2024, continues to operate under its established brand. It plans to strengthen its position in the region and expand its services across the 15 countries it currently serves.
