UAE-based BitOasis adds 12 new tokens to its exchange platform

By Shilpa Annie Joseph, Official Reporter
  • Follow author on
Representational Image

UAE-based leading cryptocurrency trading platform BitOasis has expanded its offering with the launch of 12 new tokens in response to rapidly growing consumer demand.

BitOasis users can now purchase, hold, and trade Uniswap (UNI), Dogecoin (DOGE), Loopring (LRC), Enjin Coin (ENJ), and Decentraland (MANA) against AED and SAR pairs on the platform.

“As part of the extension, AED and SAR trading pairs for another set of tokens – USD Coin (USDC), Aave (AAVE), Bancor (BNT), Storj (STORJ), Sushiswap (SUSHI), Dai (DAI), and Waves (WAVES) – will become available on BitOasis, with trading expected to go live in a week,” the company said.

Over the past 6 months, BitOasis has been working to expand its product offering and improve the user experience on the platform. “The team is constantly engaging with the crypto community in the region and this launch is a response to what the community has asked for – namely a wider choice of tokens that are available through a trusted local platform,” according to the statement.

BitOasis intends to introduce more tokens and trading pairings to its product offering in the near future, as part of its expansion goals.

While providing the community with more options, BitOasis also safeguards their interests by putting any new listing on the platform through a rigorous set of evaluation standards. Before making new and emerging crypto assets available on its platform, the corporation has a specialized team responsible for investigating and verifying them.

“The platform follows a thorough assessment process, with qualifying criteria for new tokens based on several quantitative and qualitative factors such as trading volumes, demand statistics, traceability, sponsor integrity, use cases, and growth potential,” as per the company.

Related: ADIB’s Amwali to boost customer experiences with chat banking services