BitOasis is crypto exchange of the CoinDCX. As you know CoinDCX already has established it's market in India and they are one of the known and popular exchange too. They also have decent rates for crypto trading and also they have 1 day settlement track record which is what the India has experience so far and thats good product working for them. 

They started the Dubai operations handling those traders and the business people. They want to get the license to operate in the UAE and also the nearby places. And so they would be making sure to get VASP license to operate which would help expand into the state too. 

Knowing the taxes and the way things are going on over the Dubai. there is going to be a big growth too. I have noticed that there would be some resistance for many crypto exchange with compliance. But dubai is kind of open world for the people who want to evade taxes in their own nation. 

So this type of the exchanges moving to the Dubai and then getting people to move the funds across the world through such places would be a norm too. It'd not be that bad for most of the exchanges to have the hosting option of variety of the high value people who are doing money movement to avoid local enforcement making use of their funds. 

That being said, we are in the crypto world and dubai happens to be one of those places where the people would be holding most of the funds. Including the other nations keeping their funds with the UAE and that in reality would be future of the financial hub for the crypto. Let's see what bitOasis would do for customers locally and internationally for crypto exchange.