CoinDCX has launched BitOasis operations in Bahrain as part of its strategy to expand in the MENA region, anticipating significant revenue growth from this venture.

Information on the Target

CoinDCX has initiated the launch of BitOasis operations in Bahrain, aiming to enhance its presence across the Middle East and North Africa (MENA) region. This strategic endeavor follows CoinDCX’s acquisition of BitOasis in 2024 and is part of a broader initiative to bolster international revenue streams.

In Bahrain, BitOasis will operate under a Crypto-Asset Services Licence granted by the Central Bank of Bahrain. CoinDCX anticipates that by 2026, over 30% of its total revenue will be derived from the MENA region, a substantial increase from its current share of 20%.

Industry Overview in the Target’s Specific Country

The virtual assets market in the MENA region has experienced a notable surge in activity due to improved regulatory clarity, increased interest from investors, and significant investment flows from high-net-