We’re excited to announce that EGLD is now listed on BitOasis!
Operating out of Dubai since 2015, BitOasis is the leading exchange in the Middle East & North Africa by traded volume and on its way to becoming the first fully licensed exchange in the Middle East, thanks to approvals received from Abu Dhabi Global Market (ADGM) and Dubai’s Virtual Asset Regulatory Authority (VARA).
It offers the possibility to onboard and trade digital assets using the region’s local currencies such as the AED, and it provides its customers with localized support in their native languages, which creates a compelling adoption path for EGLD and internet-scale blockchain technology in a region of strategic interest for the Elrond ecosystem.
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
Headquartered in the UAE, BitOasis is the largest and most trusted cryptocurrency platform in the MENA region. Established in 2015, BitOasis is a pioneer of the region's cryptocurrency ecosystem, serving as the go-to platform for first-time cryptocurrency buyers and professional traders alike. BitOasis aims to offer the most secure and regulated infrastructure in cryptocurrency trading for retail and institutional clients across the region.