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

A Wealthy Mideast Capital Creating a Bridge From TradFi to Crypto

“Today, Rain is launching in the UAE, as the first licensed retail exchange,” Joseph Dallago, CEO and co-founder of the Bahrain-based company, tweeted on Tuesday. “This is a 5 year effort, as we were one of the first exchanges to enquire about licensure back in 2018, when the ADGM released their virtual asset framework,” referring to the Abu Dhabi Global Market financial freezone.

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