CoinDCX an exchange from India has been doing some serious work in the crypto industry. They have already created a blockchain for the user management and the auth named Okto. This works same like the supabase of the Okto features. So knowing they are kind of ecosystem developers it is natural for them to buy the exchanges in other nations too. They acquire a new exchange that works in north Africa and middle east. 

This exchange from the MENA nations is known as the BitOasis. This exchange would be serving as a connecting dot between the Asia and the middle east now. Assuming all of the regulation and the money trail is regulation in the direction. And as the middle east is in good terms with india through the Dubai and other connections. We would love to see how the exchanges like these would help the variety of the new startups, business and the exchanges there. 

CoinDCX is one of the trusted exchange in india and also one of those exchange which were active during the crypto ban phase. They even now surpass the wazirx and other local native exchanges. So we are going to see some development by this company in upcoming times in near future. In short it would be reasonable to say that there is some development of the crypto going on in india. 

You can check out CoinDCX and BitOasis acquisition news here.