Revealed: UAE welcomes first global crypto exchange licensed to offer Bitcoin trading directly in dirhams – Arabian Business

Revealed: UAE welcomes first global crypto exchange licensed to offer Bitcoin trading directly in dirhams – Arabian Business

The Abu Dhabi Global Market (ADGM), which is the international financial centre in the UAE capital of Abu Dhabi, has welcomed Kraken to its fast-growing virtual asset community and financial ecosystem. 

Kraken has now become the first global cryptocurrency exchange to receive a financial services permission (FSP) license to operate a regulated virtual asset exchange platform in the ADGM to service the needs of the Middle East and North Africa (MENA) region. 

Kraken will also be the first global virtual assets exchange group in the UAE to offer investors the ability to invest, trade, withdraw and deposit virtual assets – including Bitcoin and Ethereum – directly in local AED currency.