Kraken is the first global cryptocurrency exchange to obtain a full financial permit to conduct virtual asset trading services in the Abu Dhabi Global Market, serving the needs of the Middle East and North Africa region.
According to Arab Net, Kraken has fulfilled all approval requirements from the Abu Dhabi Global Market's Financial Services Regulatory Authority to now allow it to launch and operate its multilateral trading platform and custodian services for assets deposited in UAE dirhams and virtual assets, according to the Emirates News Agency. Wam.
The Kraken Company has established its headquarters in the Abu Dhabi Global Market, in the Middle East. Her office is managed by a team of experienced senior executives to lead her business and plans in the UAE.
Kraken will be the first global exchange for virtual assets to be authorized in the UAE and will begin providing its services to investors and the ability to invest, trade, withdraw and deposit virtual assets directly in UAE dirhams.
ADGM introduced the world's first comprehensive regulatory framework for trading virtual assets in 2018.
Karaken EMEA Managing Director Curtis Ting said: We have received full financial approval, and are soon to launch our regulated marketplace for direct trading in UAE dirhams within this leading regulatory environment for crypto products that includes cryptocurrency trading, cryptocurrency exchanges, and cryptocurrency exchanges. Instant payment commodities across 120+ crypto assets, regulated futures, and a bull market for non-fungible tokens.
Established in 2011, the Kraken Group is the first global exchange to obtain a license to trade currencies and serves a client base of more than 9 million clients in 60 countries.
