An Interview with CoinDCX
BitcoinWorld
An Interview with CoinDCX
In an exclusive interview with BitcoinWorld, we got the chance to speak with Mr. Sumit Gupta, Co-founder of CoinDCX
The launch in Bahrain on May 14th marks a key step in CoinDCX’s global vision of “Make in India, Built for the World.” Could you elaborate on the strategic importance of establishing BitOasis in Bahrain as a beachhead for broader expansion across the GCC and MENA region?
Following our acquisition of BitOasis in 2024, the company has now expanded its presence into Bahrain. Launching in Bahrain is a major milestone in our global journey. Bahrain gives us that perfect springboard into the wider GCC and MENA region. It’s one of the few markets in the region with a progressive, mature, well-defined regulatory framework, backed by a Central Bank-issued crypto license. That gives us both credibility and clarity as we scale.
For us, it’s not about entering markets just for growth — we want to be in regions that value trust and compliance as much as we do. And that’s exactly what Bahrain offers. The demographics in the region are also incredibly compelling — young, digital-first, financially savvy. That’s the kind of user base that’s ready for what we’re building.
Ultimately, our vision is to build a secure, compliant, and user-first crypto ecosystem — one that sets the standard for responsible innovation across markets.
MENA Market Opportunity: The press release highlights clear regulatory frameworks and growing investor appetite in MENA. What specific market dynamics and growth potential in this region make it such a crucial focus for CoinDCX and BitOasis, aiming for it to contribute over 30% of revenue by 2026?
The MENA region is one of the most exciting opportunities globally for us — and not just because of the numbers, but because of the fundamentals.
You have regulatory clarity in place – that gives us a solid foundation to build something long-term, not just opportunistic. Then there’s the demographic edge — over 60% of the population is under 30, and internet penetration is nearly 99%. That’s a digitally native, financially curious audience — exactly the kind of user base ready to embrace crypto in a big way.
From a market standpoint, MENA is already seeing strong institutional activity and fast-growing retail adoption. It’s a $744 million market today, projected to cross $3.5 billion by 2033 — and that’s conservative. So when we say we expect MENA to contribute over 30% of our group revenue by 2026 — that’s not just a growth goal. It’s a well-calculated bet on a region that’s ticking all the right boxes: regulation, demographics, digital readiness, and investor appetite.
Sumit Gupta mentioned BitOasis bringing regional credibility and CoinDCX contributing scale and innovation. Ola Doudin highlighted CoinDCX’s tech team powering BitOasis. Could you provide some concrete examples of how this synergy has led to the 4x revenue growth for BitOasis and an enhanced product suite?
BitOasis already had deep regional trust. We recognised that early, and stayed intentional in our approach — we didn’t rebrand or overhaul BitOasis. We respected the equity the brand had built over the years and simply strengthened it behind the scenes. That’s a core part of our acquisition playbook: amplify, not overwrite.
Since the acquisition, BitOasis has shown strong business momentum — with trades up by 30%, volume rising 40%, and revenue growing 50%. The platform has facilitated over $7.4 billion in transactions to date. But beyond these numbers, what truly differentiates BitOasis is the deep customer trust and satisfaction it has built in the region.
For BitOasis Bahrain, the platform now runs on infrastructure built by CoinDCX’s 200+ member technology team. This has unlocked faster execution, deeper liquidity, stronger security, and a more robust product suite.
Our focus now is on scaling further — with a clear goal to reach one million users in the region by 2026, while continuing to raise the bar on compliance, innovation, and customer experience.
BitOasis Bahrain is designed for retail, corporate, and institutional users, including premium services for HNIs. What is your strategy for effectively serving these diverse client segments, and how do features like local bank transfers enhance this offering in the GCC?
We take a tailored approach to user segmentation, delivering distinct value propositions for each customer segment. For first-time retail investors, BitOasis provides an intuitive, easy-to-navigate platform designed to simplify onboarding and enhance user confidence. For high-net-worth individuals and institutional clients, we offer premium services—including dedicated relationship managers, priority support, and access to sophisticated trading tools.
Key differentiator is our support for local bank transfers, which directly addresses one of the region’s most pressing user needs- seamless fiat on- and off-ramping. This localized capability not only streamlines the user experience but also builds trust by offering a financial ecosystem that is both familiar and secure, tailored specifically to the nuances of the GCC market.
Operating under a license from the Central Bank of Bahrain and VARA in Dubai is key. How does BitOasis, with CoinDCX’s backing, approach regulatory compliance in the MENA region, and how does this foster trust and drive adoption?
Operating under licenses from the Central Bank of Bahrain and Dubai’s VARA reflects BitOasis’ longstanding commitment to regulatory alignment and accountability. Our approach is to work hand-in-hand with local regulators, ensuring our platform meets the highest standards of compliance, transparency, and user protection. In a market like MENA—where trust is fundamental to adoption—this regulatory clarity gives users the confidence to participate in the digital asset economy. As the ecosystem matures, we see compliance not as a checkpoint, but as a foundation for long-term growth, deeper institutional engagement, and responsible innovation across the region.
With CoinDCX’s and BitOasis’ shared compliance-first DNA, and BitOasis’s strong local ties, we’ve embedded regulatory alignment into every layer of our operation—from KYC/AML systems to customer protection and data security. This approach fosters trust, attracts institutional interest, and accelerates mainstream adoption.
You’ve set an ambitious goal of reaching one million users across the MENA region by 2026. What are the key strategies BitOasis will employ to achieve this significant user growth, especially considering the young, tech-savvy population?
We are deeply localizing the platform experience. This includes enabling seamless local bank transfers, offering regional language support, and tailoring features based on the unique financial behaviors and preferences of users across different GCC markets. This ensures that users find the platform both accessible and culturally aligned.
Second, we are building trust through compliance and security. Operating under licenses from both VARA in Dubai and the Central Bank of Bahrain, BitOasis stands out as one of the most regulated crypto platforms in the region. This strong regulatory foundation gives both retail and institutional users the confidence to engage with digital assets securely and responsibly.
Third, we’re investing in education and community building. MENA is home to one of the world’s most digitally native populations, with over 60% under the age of 30. We’re launching education-first campaigns—both online and on-ground—to demystify crypto and onboard the next wave of users. From first-time investors to savvy traders, we aim to make crypto simple, safe, and empowering.
Finally, we are expanding our premium services for HNIs and institutions, offering advanced tools, personalized relationship management, and deeper liquidity—ensuring that our platform serves every user segment with precision.
This growth strategy is underpinned by our belief that compliance, localization, and innovation are the pillars of sustainable adoption. By combining global technology with regional relevance, BitOasis is well on track to becoming the most trusted crypto platform in MENA.
CoinDCX is India’s largest homegrown exchange. How does this international expansion with BitOasis reflect the “Make in India, Built for the World” philosophy, and what learnings from the Indian market are you applying to MENA?
CoinDCX is now seven years into its journey — and in that time, we’ve seen both bull runs and bear markets. Building in India has been a masterclass in resilience. It’s a digital-first country with a young, tech-savvy population, but the crypto narrative here has had its fair share of regulatory uncertainty. That taught us a few important things early on.
First, that compliance isn’t optional — it has to be foundational. From day one, we invested in building a strong regulatory and compliance framework. We hired our compliance team in the very early stages of CoinDCX, well before it became the norm. That experience is now guiding how we scale internationally. In markets like the UAE and Bahrain, where regulation is clear and progressive, we’re applying the same compliance-first playbook.
Second, no matter where you operate, user experience must come first. Whether it’s onboarding, liquidity, or transaction speed — the platform has to work seamlessly. That’s something we’ve been obsessive about in India, and we’re carrying that same product thinking to MENA.
So yes, BitOasis is a big step forward in our “Make in India, Built for the World” vision. It’s about taking what we’ve built and tested in one of the toughest markets, and scaling it in regions that are open, forward-looking, and ready for what’s next.
Beyond the immediate goals in MENA, what is the broader vision for CoinDCX and BitOasis in the evolving global virtual asset market over the next few years, especially with CoinDCX’s other initiatives like Okto Chain and CoinDCX Ventures?
India continues to be our core focus — we’re proud to be the country’s No.1 crypto exchange, with more than 20 million users and a deepening presence across spot and futures.
That said, 2024 was a pivotal year for us. The acquisition of BitOasis marked our first major step into international markets. With full regulatory licenses in the UAE and Bahrain, we now have a strong operational base in the MENA region. What made BitOasis the right partner was its strong brand trust in the region.
Our broader acquisition strategy is focused on markets with progressive regulation — where we can plug in our capabilities and let strong local brands continue doing what they do best.
Looking ahead, we’re doubling down on three things: product innovation, user acquisition, and regulatory alignment. That’s what will drive the next phase of our growth — both in India and beyond.
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This post An Interview with CoinDCX first appeared on BitcoinWorld and is written by Keshav Aggarwal
