BitOasis Unveils its Latest Crypto Trading Platform
BitOasis Launches New Bitcoin Trading Platform in the Middle East
In a significant move for cryptocurrency adoption in the Middle East, Dubai-based Bitcoin exchange site BitOasis has launched a new Bitcoin trading platform. The new platform, designed to facilitate Bitcoin transactions, aims to increase Bitcoin availability and improve the accessibility and security of Bitcoin trading in the region.
BitOasis, one of the few companies in the Middle East offering Bitcoin exchange services, anticipates a profitable year in terms of transactions. Since its launch in January, the platform has garnered approximately 15,000 user registrations and caters to users in the Arabic world, with the majority of its customers hailing from Dubai, Morocco, Egypt, and Tunisia. The platform also boasts customers from other Muslim countries.
The new platform includes a three-key signature wallet, a key to its success, providing optimal security for users' Bitcoin transactions. This feature is expected to enhance overall liquidity in the Bitcoin market, potentially paving the way for the Bitcoin to be used within regular stores in the Middle East.
The Bitcoin is gaining popularity in the Middle East, not just as a speculative asset, but also as a means of holding value. The platform's launch comes at a time when the Bitcoin may have a future in e-commerce in the region.
Besides BitOasis, other cryptocurrency trading platforms operating in the Middle East region include LBank, offering a world-class platform for buying and selling Bitcoin and other cryptocurrencies since 2015, and One Trading, a regulated EU-based platform with a broad range of crypto assets and trading pairs. The UAE, Dubai, Bahrain, and Saudi Arabia are leading notable regional blockchain and crypto adoption activities, fostering digital currency initiatives and blockchain development.
With the new platform, BitOasis aims to make buying and selling Bitcoins easier in the Middle East and the Arabic world. The platform's launch is intended to provide a significant boost to the potential of the Bitcoin in e-commerce in the region, potentially opening up a new era for digital currency transactions in the Middle East.
