CoinDCX, India's leading cryptocurrency exchange, has made a strategic move into international markets by acquiring BitOasis, a prominent digital asset platform in the Middle East and North Africa (MENA) region.

The acquisition includes BitOasis's team, which will continue to manage the exchange independently under its existing branding.

While financial terms were not disclosed, BitOasis investors will receive equity in CoinDCX, marking a profitable deal for them.

This expansion comes amid regulatory challenges in India's crypto sector, prompting Indian exchanges like CoinDCX to seek growth opportunities abroad.

CoinDCX, valued at $2.1 billion, aims to leverage the mature crypto market in MENA as part of its global expansion strategy.