BBitOasis is a cryptocurrency exchange platform focused on the MENA region. Users sign up, verify their identity, deposit funds, and place buy or sell orders to securely trade assets like Bitcoin and Ether, with transactions completed on the platform and fees charged on trades. The service differentiates itself by targeting local markets with regional currencies and regulatory needs, offering a user-friendly interface and competitive rates. Its goal is to grow crypto trading adoption in the MENA region by providing a reliable, secure platform that connects everyday investors with a range of digital assets.
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Industries
Company Size
51-200
Company Stage
Series B
Total Funding
$30M
Headquarters
Dubai, United Arab Emirates
Founded
2014
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Total Funding
$30M
Below
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Funded Over
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Beyon Money Business and BitOasis Bahrain launch an integrated and secure service for direct linking between digital wallets Thursday, 03 September 2026 Beyon Money Business, a Beyon company, and BitOasis Bahrain W.L.L., one of the leading local crypto asset platforms, announced the launch of a direct linking service between digital wallets, enabling customers to fund their BitOasis Bahrain accounts directly from their Beyon Money wallets. The service is now available to eligible customers of BitOasis Bahrain and Beyon Money Business in the Kingdom of Bahrain, providing them with a secure, seamless, and instant funding experience. Through this integration, users can transfer funds directly from their Beyon Money wallet to their BitOasis accounts without needing to take any external payment steps, offering a faster and smoother experience for moving between traditional currencies and digital assets. This solution operates within a secure and regulated framework, in line with the regulatory requirements of the Central Bank of Bahrain regarding crypto assets, as set out in Volume 6 on Capital Markets within the Bank's regulatory guidelines. This reinforces both companies' commitment to providing reliable digital financial services that comply with regulatory requirements and supports the continued growth of the digital economy in the Kingdom of Bahrain. In this context, Mr. Mohamed Abdul-Aal Al-Fahad, Director of the Business Sector Department at Beyon Money Business, said: "The launch of this service represents an important milestone in our strategy to build a secure, interconnected, and comprehensive digital financial ecosystem. By enabling seamless and direct funding between Beyon Money wallets and BitOasis Bahrain, we are simplifying customers' access to digital assets while maintaining the highest standards of security and regulatory compliance, and ensuring an enhanced user experience." For his part, Mr. Ali Dashti, General Manager of BitOasis Bahrain, commented: "Trust, transparency, and ease of use are fundamental pillars in everything we offer. This launch reflects our shared commitment to delivering practical innovations that bridge traditional finance and digital assets. Through our collaboration with Beyon Money Business, we contribute to building a digital asset ecosystem that is more accessible, secure, and reliable for our customers." The launch of this service represents an important step in the evolution of regulated digital finance and highlights the role that collaboration between fintech companies and licensed digital asset service providers can play in delivering secure, easy, and regulation-compliant financial services. By combining reliable payment infrastructure with regulated crypto asset services, Beyon Money Business and BitOasis Bahrain are accelerating the responsible adoption of digital assets in the local market.
BitOasis names Jonathan Rigg CEO to lead next phase of growth. Trust and safety continue as a central lever for customers as the brand scales across the region DUBAI/BAHRAIN, September 2, 2026: BitOasis, a CoinDCX company and one of the Middle East and North Africa's pioneer and leading regulated digital asset platforms, today announced the appointment of Jonathan Rigg as Chief Executive Officer. Mr. Rigg succeeds Ola Doudin, who co-founded BitOasis in 2016 and has led the company over the past years to become the region's most established crypto platform. The appointment marks the next stage in BitOasis's development as it deepens its presence across the MENA region. The platform has recorded approximately $8.5 billion in spot trading volume and serves a client base spanning retail investors, family offices and institutions across the UAE, Bahrain and the wider market. "Over the years, we've worked to build more than a company; we've helped kickstart and lay the foundations for the digital asset industry across the region, and with that BitOasis has become one of the most trusted crypto brands across the GCC. From navigating an emerging market, achieving important regulatory milestones to serving more than a million customers in the region, every achievement has been the result of exceptional commitment towards our mission from day one. I couldn't be more confident in handing the business over to Jonathan, whose experience and leadership make him the right person to lead BitOasis through its next phase of growth," said Ola Doudin, Co-Founder of BitOasis. "I am delighted to welcome Jonathan to the BitOasis family. He joins us as Chief Executive Officer at an important moment for the business, and I am confident his experience will help take the platform into its next chapter. I am deeply grateful to Ola for building an exceptional brand and an equally exceptional team, one that has been instrumental in enabling access to crypto across the region," said Sumit Gupta, Co-Founder of CoinDCX. In 2024, CoinDCX, India's leading crypto exchange, acquired BitOasis. Mr. Rigg is a senior financial services commercial leader with an extensive track record spanning global banking, digital assets and fintech platforms. He has direct P&L ownership experience scaling businesses from pre-revenue to profitability, including the monetisation of crypto infrastructure; OTC trading, stablecoin payments and Banking as a Service. A hands-on operator, he has launched regulated platforms, built high-performing commercial teams, and is well connected across the region's regulators, financial institutions and enterprise clients. Mr. Rigg brings close to a decade of experience in global banking and markets, with previous roles at HSBC and Deutsche Bank, predominantly in prime brokerage and capital advisory. Most recently he spent three years at Fuze Finance as Vice President, Commercial, where he was part of the founding team and helped scale the business from inception. "It's an honour to join BitOasis at such an important point in its journey. Ola and the team have built an exceptional platform with a strong reputation across the region, and my role is to build on that foundation. Together, we will continue strengthening our products, expanding our capabilities, and delivering the high standards our customers, partners and regulators expect. Trust and safety will continue to remain a central lever in everything we do, ensuring customers can engage with confidence as the platform grows. BitOasis has played a defining role in shaping the digital asset ecosystem across the MENA region, and I'm excited to lead the company into its next chapter," said Jonathan Rigg, incoming Chief Executive Officer of BitOasis. In May 2025, the company launched BitOasis Bahrain following the grant of a broker dealer license from the Central Bank of Bahrain, extending its regulated footprint beyond the UAE. Its OTC desk now serves institutional clients with the liquidity and execution certainty they require, and the company has secured regulatory approval for derivatives products that are moving toward market launch. "I am thrilled to welcome Jonathan at such a pivotal time for BitOasis. Having built a strong foundation of trust and regulatory compliance across the region, including our operations here in Bahrain, we are in a prime position for our next phase of growth. I look forward to working closely with him to further strengthen our brand, expand our footprint, and cement BitOasis as the leading, most trusted crypto platform across the MENA region," said Ali Dashti, General Manager, BitOasis Bahrain. These milestones, together with the continued integration with CoinDCX, position BitOasis at the center of the region's digital asset ecosystem. Sharjil Shaikh +91 9920231055 [email protected] Coindcx.com Jayakrishnan Bhaskaran O Z O N Marketing LLC Phone: +971 55 9578237
'60 Minutes': Scott Pelley exposes Trump's suspicious pardoning of crypto boss. What to know. * Scott Pelley's 60 Minutes segment investigated President Trump's pardon of Binance founder Changpeng Zhao, highlighting Zhao's financial ties to the Trump family through cryptocurrency ventures. * Former Justice Department Pardon Attorney Elizabeth Oyer described the pardon as "unprecedented" due to the apparent self-dealing and financial benefits. * The report raised concerns about potential conflicts of interest, noting that the UAE invested $2 billion in Binance using a Trump-linked cryptocurrency. Despite recent concerns that 60 Minutes had to toe the line under CBS News' new bosses, Sunday's (November 16) episode didn't shy away from criticizing President Donald Trump. In a segment led by host Scott Pelley, the long-running news magazine program looked into Trump's pardoning of Changpeng Zhao, the founder and former boss of the Binance cryptocurrency exchange. Zhao stepped down as CEO after pleading guilty to money laundering charges in the US and served four months in prison. He was released in September 2024. "Our reporting shows that Zhao's company supported a Trump family firm at critical moments leading up to the President's pardon," Pelley said at the top of the segment, per Mediaite. Speaking with Elizabeth Oyer, a former Pardon Attorney at the Justice Department who was replaced earlier this year by what Pelley called a "Trump loyalist," Pelley asked whether Trump's pardon of Zhao was "unusual." Oyer said the situation was "unprecedented" based on the role "money" played in securing the pardon. "The self-dealing aspect of the pardon, in terms of the benefit that it conferred on President Trump and his family and people in his inner circle, is also unprecedented," she added. According to Pelley, his sources told him that Zhao "donated software" to the crypto company World Liberty Financial, which is closely tied to Trump's sons, Eric Trump and Donald Trump Jr. After helping the Trump family launch its cryptocurrency, Zhao "applied for a presidential pardon" the next month. Even more suspicious, according to Pelley, is that the United Arab Emirates invested $2 billion in Binance earlier this year. And what currency did they use for that investment? "Of all the currencies in the world," Pelley said, they used World Liberty crypto. "The only reason it makes sense [to use World Liberty crypto] is to ingratiate with the President," Lawrence Lessig, a Harvard Law professor, told Pelley. When Pelley asked if the President is "compromised," Lessig replied, "'Compromised' is exactly the description, because we can't know what's the actual reason for the decisions that the administration is making. Are the reasons helping America? Or are the reasons helping America and also helping them privately?" Pelley noted that the United Arab Emirates told 60 Minutes it made the deal because of its "business suitability." The segment comes just two weeks after Trump sat down with CBS News' Norah O'Donnell for an hour-long 60 Minutes interview. During the interview, Trump gloated that the show had paid him "a lot of money" in the lawsuit he filed against them last year. 60 Minutes, Sundays, 7/6c, CBS
CoinDCX, India's first digital currency unicorn, has entered the Bahraini market by acquiring Dubai-based BitOasis. This move is part of CoinDCX's strategy to expand in the MENA region, with expectations that over 30% of its revenue will come from this area by 2026. BitOasis, which secured a VASP License from Dubai in 2024, will operate under a Crypto-Asset Services License in Bahrain. Since 2016, BitOasis has processed over $7.4 billion in trading volume and raised over $40 million in funding.
Later, in July 2024, BitOasis was acquired by CoinDCX.
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Industries
Company Size
51-200
Company Stage
Series B
Total Funding
$30M
Headquarters
Dubai, United Arab Emirates
Founded
2014
Find jobs on Simplify and start your career today
We update BitOasis's jobs every few hours, so check again soon!Browse all jobs