Crypto exchange Kraken secures ADGM licence to operate in Abu Dhabi – The National

Crypto exchange Kraken secures ADGM licence to operate in Abu Dhabi – The National

Kraken, one of the world's biggest cryptocurrency exchanges, secured a regulatory licence from the Abu Dhabi Global Market (ADGM) to operate its virtual asset trading platform in the capital as demand for cryptocurrencies continues to rise globally.

Kraken will offer investors the ability to invest, trade, withdraw and deposit virtual assets including Bitcoin and Ether directly in local currency, ADGM said in a statement on Monday.

The US-based cryptocurrency exchange “has met all approval conditions from the Financial Services Regulatory Authority (FSRA) of ADGM to operate as a Virtual Asset Multilateral Trading Facility and custodian in Abu Dhabi and the wider UAE”, ADGM said.