UAE crypto push continues as Kraken invades Abu Dhabi
Two other cryptocurrency exchanges have also announced moves to Dubai recently.
Another cryptocurrency platform is coming to the United Arab Emirates.
Kraken Exchange is establishing its Middle East and North Africa headquarters at Abu Dhabi’s International Financial Center after the exchange obtained the required financial license, the center said in a press release today.
The CEO of the International Financial Center’s registration authority, Dhaher Bin Dhaher, said the move will help the “financial diversification and the economic diversification of Abu Dhabi.”
Kraken's Abu Dhabi division will allow customers to purchase cryptocurrency securities in Emirati dirhams, according to the release.
