BitOasis is a Dubai-based exchange and it’s the first exchange to have a Preliminary License in that area. A regulated exchange is a trusted exchange, meaning it will bring more investors to the space.
According to a Bloomberg report, BitOasis has seen a total volume of 1.6$b in the past two years and the number is expected to increase once the exchange will be fully licensed.
Ola Doudin, CEO and Co-Founder of BitOasis says that a full ADGM(Abu Dhabi Global Market) license will be granted by the authorities once certain requirements have been met.
BitOasis is also running in Egypt and Morocco, and once fully regulated, they plan to expand on a global scale, says Doudin.
At the moment of writing this article, the investors can trade on BitOasis some well-known cryptocurrencies like BTC, ETH, XRP, BCH, BSV, XMR, ZEC, LTC, and XLM
“I want to give credit to the ADGM, and to the FRSA team for taking action and putting the first crypto asset exchange framework, that allows companies to get fully regulated and serve the wider market.”
Being the first Regulated Exchange in UAE will allow BitOasis to be a step ahead of its competitors, and it will probably become the leading exchange in the region.