BitOasis Expands MENA Footprint with Central Bank License in Bahrain
Leading regional crypto-asset platform BitOasis has officially launched its services in Bahrain after securing a Category 4 license from the Central Bank of Bahrain (CBB). This move marks a significant expansion for the company within the strategically important Gulf market.
Expanding Across the Gulf
The launch in Bahrain solidifies BitOasis's presence in key Gulf Cooperation Council (GCC) markets. The platform is already operational or has regulatory approvals in the UAE (VARP license in Dubai, provisional approval in Abu Dhabi), is a SARIE participant in Saudi Arabia, and is registered with the Capital Markets Authority in Kuwait. Entering Bahrain adds another regulated market to its growing regional network.
Key Details of the Bahrain Launch
BitOasis's CBB license is a Category 4 license, permitting it to offer regulated crypto-asset services to various customer segments including retail, institutional, and qualified investors in Bahrain. Following a successful beta testing phase, the platform is now fully available to residents. Services include:
Buying and selling popular crypto assets.
Trading various crypto pairs, including pairs against the Bahraini Dinar (BHD).
Competitive fee structures.
Direct BHD deposits and withdrawals.
The company emphasized its commitment to providing a secure, compliant, and user-friendly experience tailored for the Bahrain market, highlighting the CBB's role in fostering a clear regulatory framework for digital assets.
What This Means for BitOasis and Bahrain
For BitOasis, the Bahrain launch represents a strategic step in connecting the fragmented MENA crypto landscape under a single, compliant platform. Bahrain, known for its progressive approach to fintech and established regulatory environment, provides a fertile ground for growth. For Bahrain, attracting regulated players like BitOasis aligns with its vision of becoming a regional hub for digital finance and innovation. The availability of a licensed platform offering BHD trading pairs simplifies access for local investors.
About BitOasis
Founded in 2015, BitOasis is one of the longest-standing and most prominent crypto-asset trading platforms in the MENA region. It provides individuals and institutions with a secure and regulated way to access the cryptocurrency market. The platform has been instrumental in driving crypto adoption and education across the Middle East and North Africa.
Looking Ahead
With its regional regulatory network expanding, BitOasis is well-positioned to capitalize on the growing interest in digital assets among MENA residents and institutions. The launch in Bahrain underscores the company's ambition to become the leading regulated digital asset platform across the entire region, leveraging each market's unique regulatory landscape.
Source: FinTech News Middle East