BitOasis
BitOasis is a VARA-licensed cryptocurrency exchange and wallet provider serving retail, corporate, and institutional clients across 14 MENA countries with Lite (0% commission), Pro (maker-taker fees), OTC, and corporate products, operating as the regional arm of the CoinDCX group.
- Company typePrivate
- Founded2015
- HeadquartersDubai, United Arab Emirates
- Headcount101–250
- GTM typeB2B and B2C
- OfferingSoftware
What BitOasis does
BitOasis is a Dubai-headquartered cryptocurrency exchange and digital asset wallet provider serving retail, professional, corporate, and institutional clients across the Middle East and North Africa. Founded in 2015 and operating under the legal entity BitOasis Technologies FZE, the company is wholly owned by BO Technologies Ltd (BVI), within the CoinDCX group's holding structure, and maintains regional offices in Bahrain and Jordan. Its platform spans four sub-brands — BitOasis Lite (simplified buy/sell/swap with 0% commission), BitOasis Pro (advanced charts and order types with maker-taker fees), BitOasis OTC (high-volume desk for institutions and family offices), and BitOasis Corporates (enterprise crypto and treasury solutions) — alongside VIP, referral, and mobile iOS/Android experiences covering 44+ crypto assets and 200+ trading pairs.
The technology stack is deliberately built on third-party institutional infrastructure: client assets are custodied via Fireblocks and BitGo in cold storage, 100% of client spot orders are routed to external liquidity providers Bitfinex and Aquanow, and fiat client money is held in segregated accounts at Zand Bank (UAE) with quick-funding connectivity through Lean Technologies. BitOasis itself does not maintain a proprietary order book. AML and monitoring are handled via a partnership with Crystal, and the platform operates under a full VARA Broker-Dealer VASP license in Dubai (VL/2024/11/001), a Crypto-Asset Services License from the Central Bank of Bahrain, and ISO 27001 certification.
The business model is transaction-based: maker-taker trading fees on Pro, card deposit fees starting at 3.99%, tiered AED fiat withdrawal fees (25–65 AED), and bespoke OTC and corporate pricing for high-volume clients. Go-to-market combines a self-serve product-led motion for retail (mobile apps, web, referral program paying up to AED 100 per referred active user) with direct enterprise sales for OTC, VIP, and corporate accounts. BitOasis reports 1M+ cumulative customers, 500,000+ active users across 14 MENA countries, over $4 billion in cumulative Pro trading volume, and 2025 growth of 66% YoY in high-value traders and 100% in corporate and treasury clients.
BitOasis firmographics
Firmographics- Name
- BitOasis
- Legal name
- BitOasis Technologies FZE
- Website
- https://bitoasis.net
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- BitOasis is a VARA-licensed cryptocurrency exchange and wallet provider serving retail, corporate, and institutional clients across 14 MENA countries with Lite (0% commission), Pro (maker-taker fees), OTC, and corporate products, operating as the regional arm of the CoinDCX group.
- Ownership category
- akta.pro rank
BitOasis industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities and Commodity Exchanges (52321), Commodity Contracts Intermediation (52316)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Crypto-Digital Asset Market Making (Spot & Derivatives) (FSACANAJ)
Keywords
Where BitOasis is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices3 records
Markets served
BitOasis business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Trading Commission/Fees: Maker-taker fee model on Pro trading platform with competitive rates in the MENA region. Lite platform offers 0% commission on buy/sell/swap transactions.
- Fiat Deposit and Withdrawal Fees: Wire transfers processed at 0% fee; card deposits charged as low as 3.99%; fiat withdrawals charged 25-65 AED depending on amount.
- Corporate and OTC Services: Over-the-counter trading services for large-volume institutional and corporate clients with personalized service and dedicated account managers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Lite Platform - 0% Commission |
| Transaction based/ take rate | Pay-as-you-go | Pro Platform - Competitive Maker-Taker Fees |
| Transaction based/ take rate | Pay-as-you-go | Fiat Deposits - Wire Transfer 0% |
| Unit Pricing | Pay-as-you-go | Fiat Withdrawals - Tiered Fees |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
BitOasis product offering
Product offeringCore offering
BitOasis is a regulated cryptocurrency exchange and digital asset trading platform serving the MENA region, enabling retail and institutional users to buy, sell, swap, and trade 44+ cryptocurrencies with 200+ trading pairs in local fiat currencies (AED and SAR). The platform operates through a dual architecture — Lite for simplified zero-commission trading and Pro for advanced charting and order types — supplemented by an OTC desk, corporate services, and a VIP program, with custody provided through Fireblocks and BitGo.
Product overview
BitOasis is a cryptocurrency trading platform serving the MENA region, offering a multi-product ecosystem consisting of BitOasis Lite (simplified buying/selling with 0% fees), BitOasis Pro (advanced trading with charts and order types), BitOasis OTC (high-volume desk for institutions), and BitOasis Corporates (enterprise solutions). The platform supports trading across 44+ cryptocurrencies with 200+ trading pairs, enabling deposits and withdrawals in UAE Dirham (AED) and Saudi Riyal (SAR). Additional services include a mobile app, VIP tier for high-net-worth individuals, and a referral program. The company operates under VARA licensing in Dubai and serves users across 14 countries in the Middle East and North Africa.
Differentiator
Problem solved
Functional benefit
Brands
- BitOasis Lite: Buy, sell and swap digital assets with 0% commission fees for simplified crypto trading
- BitOasis Pro
- BitOasis OTC
- BitOasis VIP
Products and services
- BitOasis Lite Simplified cryptocurrency trading platform for retail users enabling buy, sell, and swap of 44+ digital assets with 0% commission fees. Supports deposits via Visa, Mastercard, and bank transfers, with deposits processed within 30 minutes, accessible via web and mobile apps.
- BitOasis Pro Advanced spot trading platform with real-time price charts, technical indicators, and sophisticated order types for active traders. Offers competitive maker-taker fees among the lowest in the MENA region with over 200 trading pairs against local fiat currencies.
- BitOasis OTC (Over-the-Counter) Personalized over-the-counter trading desk for large-volume trades, providing customized solutions for institutional and high-net-worth investors with dedicated account management and deep liquidity.
- BitOasis Corporates Enterprise cryptocurrency platform offering tailored solutions for businesses, including seamless onboarding, OTC trading, dedicated account managers, and access to over 75 tokens across 14+ countries for corporate treasury and bulk crypto transactions.
- BitOasis VIP Premium tier service for high-value traders with priority support and exclusive benefits, providing dedicated assistance and elevated service levels for active retail and professional traders across the MENA region.
Quantifiable outcome
- Over $4 billion in cumulative trading volume on Pro platform
- +4 more outcomes
Companies that use BitOasis
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles4 records
BitOasis technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature4 records
BitOasis partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- Beyon Money BusinessminorPartnership with Beyon Money Business (part of Bahrain's Beyon Group) to provide a closed-loop digital wallet solution bridging traditional finance and digital assets across the GCC. Enables BitOasis Bahrain customers to access secure multi-currency wallets supporting both fiat and crypto transactions.
- FireblockscoreEnterprise-grade platform providing secure infrastructure for moving, storing, and issuing digital assets. Custody provider for BitOasis client assets.
- BitGo Trust Inc.coreInstitutional custodian providing regulated custody, financial services, and core infrastructure for investors. Custody provider for BitOasis client assets.
Scale indicators11 records
Recent moves8 records
Expansion highlights6 records
BitOasis competitors and assessment
Company assessmentBroad incumbents
- OKX: Global crypto exchange expanding aggressively in MENA with localized services and pro trading tools. Competes in the same active-trader segment targeted by BitOasis Pro.
- CoinDCX: India's largest crypto exchange and BitOasis's parent company. Operates a similar product suite (Lite, Pro, OTC) at greater scale in India, providing product and operational benchmarks for BitOasis.
- Binance: Global crypto exchange with significant MENA presence, including Dubai operations under VARA. Competes on liquidity, token breadth, and brand in the same retail and institutional segments.
- Crypto.com: Global crypto exchange and platform with regional marketing in MENA. Competes for retail mindshare and card-based crypto on-ramp demand.
- Kraken: Established global crypto exchange pursuing institutional and retail clients in MENA, with similar custodial and fiat-rail partnerships.
- Bybit: Global crypto derivatives and spot exchange with growing MENA presence. Competes directly for high-value and active traders in the region.
- Coinbase: US-listed crypto exchange that recently invested in CoinDCX (BitOasis's parent). Increasingly relevant as a global incumbent with growing MENA reach and institutional client relationships.
Direct peers
- Rain: Bahrain-based cryptocurrency exchange licensed by the Central Bank of Bahrain, serving retail and institutional clients across MENA. Direct competitor with overlapping regulatory footprint and product offering (spot trading, brokerage).
- CoinMENA: Bahrain-headquartered, CBB-licensed crypto exchange serving MENA retail and institutional clients. Directly comparable as a regional licensed broker-dealer targeting similar customer segments.
Emerging players
- Aquanow: UAE-based digital asset infrastructure and liquidity provider operating under a VARA VASP license. Functions as both a BitOasis liquidity partner and a potential competitor in institutional liquidity and OTC.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
BitOasis social profiles
Digital presenceBitOasis compliance and trust
Trust signalCompliance3 records
BitOasis financial estimates
Financial estimateRevenue estimate
Valuation estimate
BitOasis leadership team
Management profileNumber of profiles
Profiles4 records
BitOasis subsidiaries and ownership
Company hierarchySubsidiaries1 record
BitOasis funding detail
Funding detailFunding overview
Funding rounds6 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BitOasis M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BitOasis
What does BitOasis do?
BitOasis is a regulated cryptocurrency exchange and digital asset trading platform serving the MENA region, enabling retail and institutional users to buy, sell, swap, and trade 44+ cryptocurrencies with 200+ trading pairs in local fiat currencies (AED and SAR). The platform operates through a dual architecture — Lite for simplified zero-commission trading and Pro for advanced charting and order types — supplemented by an OTC desk, corporate services, and a VIP program, with custody provided through Fireblocks and BitGo.
Is BitOasis a public or private company?
BitOasis is a private company. It is classified as corporate owned and is currently operating.
When was BitOasis founded?
BitOasis was founded in 2015. It employs 101 to 250 people.
Where is BitOasis based?
BitOasis is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does BitOasis make money?
Three revenue lines are on record. Trading Commission/Fees are the primary driver. The others are fiat Deposit and Withdrawal Fees and corporate and OTC Services.
Who are BitOasis's main competitors?
Broad incumbents on record are OKX, CoinDCX, Binance, Crypto.com, Kraken, Bybit and Coinbase. Direct peers are Rain and CoinMENA. Aquanow is listed as an emerging player.
Does BitOasis have an API?
Yes. BitOasis exposes a public API. Developer documentation is at api.bitoasis.net/doc.
What industry is BitOasis in?
BitOasis's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSACANAJ, Crypto-Digital Asset Market Making (Spot & Derivatives). Its NAICS code is 52321 and its SIC code is 6200.