Crypto Exchange Rain Obtains License to Operate Virtual Asset Brokerage, Custody Service in UAE

Rain's Abu Dhabi-based entity can now offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets, Reuters reported.

• 2023-07-25
• Rain UAE institutional clients Abu Dhabi Global Market retail clients Joseph Dallago virtual asset

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. 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.

• 2023-07-25
• Abu Dhabi Global Market institutional clients Rain Coinbase virtual assets retail clients exchange Yehia Badawy

Crypto.com to Close US Institutional Service Amid SEC's Crypto Crackdown

Singapore-based cryptocurrency exchange Crypto.com said Friday that it will wind down its institutional service in the States.

• 2023-06-10
• institutional service American clients Cryptocurrency exchange digital asset retail clients Institutional investors