Cryptocurrency exchange Kraken closes Abu Dhabi office

Emirati officials are still bullish about the future of cryptocurrency, but the crash in the market has hit the UAE hard.
Kraken
U.S. Sen Cynthia Lummis (R-WY) (R) gestures as she speaks during the Bitcoin 2022 Conference, next to Marco Santori, chief legal officer of Kraken Digital Asset Exchange, at Miami Beach Convention Center on April 8, 2022 in Miami, Florida. - Marco Bello/Getty Images
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Adam Lucente
@Adam_Lucente

A major cryptocurrency platform confirmed on Thursday that it's closing its office in Abu Dhabi. 

Reuters first reported that Kraken shut its office in the Emirati capital. A spokesperson for the firm confirmed the news to Al-Monitor.

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