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Crypto Exchange Rain to Target UAE Asset Managers After Winning Licence

Crypto Exchange Rain to Target UAE Asset Managers After Winning Licence
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Crypto exchange Rain to target UAE asset managers after winning licence

Middle Eastern crypto exchange Rain said on Tuesday its Abu Dhabi unit obtained a license to operate a virtual assets brokerage and custody service for clients in the United Arab Emirates. .

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al sayegh: Crypto exchange Rain to target UAE asset managers after winning licence

Middle Eastern crypto exchange Rain, backed by Coinbase, has secured a licence to operate a virtual assets brokerage and custody service in the United Arab Emirates through its entity based in the Abu Dhabi Global Market financial freezone. Institutional and retail clients in the UAE will be able to buy, sell and store virtual assets using their local payment network. Rain, which raised $110m last year in a funding round that valued it at $500m, said it would use the money for regional expansion.

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Crypto exchange Rain to target UAE asset managers after winning license

Crypto exchange Rain to target UAE asset managers after winning license
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rain crypto licence uae: Middle Eastern crypto exchange Rain to target UAE asset managers after getting licence

The Bahrain-headquartered Rain, backed by Coinbase, said its entity based in the Abu Dhabi Global Market financial freezone will now offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets.

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