UAE Crypto Exchange Rain Receives Brokerage Custody Approval: Expanding Virtual Asset Services

Exciting news for cryptocurrency investors in the UAE! Rain, a highly reputable crypto exchange in the Middle East and proudly supported by Coinbase, has successfully obtained a license to operate in the United Arab Emirates (UAE), as officially announced. This significant milestone allows Rain to further enhance its offerings and solidify its position as a leading platform for virtual assets in the region.

The Financial Services Regulatory Authority of Abu Dhabi has authorized Rain to run a virtual asset brokerage. This means that Crypto exchange Rain has obtained a license to operate a virtual asset brokerage and custody service for its clients in the United Arab Emirates, the company said. This license is a testament to Rain's commitment to regulatory compliance and its dedication to providing a safe and secure environment for its users to buy, sell, and store cryptocurrencies.

Rain, the Bahrain-based cryptocurrency exchange, has received permission from the Abu Dhabi Global Market (ADGM) to operate regulated virtual assets brokerage. This approval signifies that Rain meets the stringent requirements set forth by the ADGM, further ensuring the protection of investors and the integrity of the market. This allows Rain to offer its users a comprehensive suite of services, including brokerage and secure custody solutions for their digital assets.

With this new license, Rain is poised to play an even greater role in the growing UAE crypto market. Users can expect enhanced security, regulatory compliance, and a wider range of virtual asset services. Stay tuned for more updates as Rain continues to expand its offerings and contribute to the development of the cryptocurrency ecosystem in the UAE.