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BitOasis

“Can BitOasis become the dominant regulated crypto broker-dealer infrastructure in MENA by combining VARA licensing with deep GCC fiat-rail integration?”

Founded2015
HQDubai, United Arab Emirates
Total raised$30M
IndustryFintech / Crypto

The story

Founded in 2015 as the MENA region's pioneering retail cryptocurrency exchange, BitOasis established itself as the dominant fiat-to-crypto on-ramp for GCC users trading AED, SAR, and other local currencies. The company navigated a complex regulatory environment, earning one of the first VARA Provisional Approvals in 2022 and subsequently becoming the first Broker-Dealer to receive VARA's full MVP Operational License in 2024. BitOasis has since been acquired by Neblio Technologies, operating as a regulated subsidiary focused on both retail and institutional crypto trading with broker-dealer infrastructure.

Last 12 months

2026-04

BitOasis implemented the Travel Rule for crypto transactions, enhancing regulatory compliance with VARA requirements.

2026-05

BitOasis updated Data Subject Rights Requests procedures under UAE PDPL, reflecting compliance with data privacy regulations.

Product timeline

2015

BitOasis founded in the UAE as a cryptocurrency exchange for retail users in the GCC region.· pivot

2022

Received Provisional Approval from Dubai's newly formed Virtual Assets Regulatory Authority (VARA), among the first to do so.· banking

2024

BitOasis became the first Broker-Dealer to secure VARA MVP Operational License (VASP Reference: VL/2024/11/001), authorizing broker-dealer services to qualified retail and institutional investors in Dubai.· banking

2024

Acquired by / merged into Neblio Technologies, transitioning from VC-backed independent company to operating subsidiary.· acquisition

Regulated entities

regulatory licence held by BitOasis

Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.

The stack

1 layer disclosed in BitOasis’s embedded-finance stack

Money movement

Wire SWIFT

Accounting gap: none

BitOasis — frequently asked

Which payment rails does BitOasis use?

BitOasis moves money over Wire and SWIFT.

Where is BitOasis headquartered?

BitOasis is founded in 2015 and headquartered in Dubai, United Arab Emirates.

How much funding has BitOasis raised?

BitOasis has raised $30M in total.

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