UAE: Crypto Exchange Rain Receives Brokerage, Custody Approval
Crypto exchange Rain has been granted permission by Abu Dhabi’s Financial Services Regulatory Authority to operate a virtual asset brokerage. The firm has also been green-flagged to offer custody services to its clients. Rain received its Financial Services Permission [FSP] on Tuesday, July 25. This means Rain can now offer institutional and retail customers the ability to buy, sell and store virtual assets. Furthermore, clients will be provided with a seamless fiat-to-virtual asset on-ramp service in UAE dirhams. Rain Trading Limited (Rain ADGM) has been granted the first Financial Services Permission (FSP) by Abu Dhabi Global Market’s Financial Services Regulatory Authority to operate a virtual assets brokerage and custody service. pic.twitter.com/EyxCj4HbNy — Rain (@rain) July 25, 2023 Also Read: Will Wall Street Accept the ‘Trillion’ Dollar Crypto Custody Challenge? The FSP also opened doors for Rain to list additional crypto asset tra...