Abu Dhabi Global Market (ADGM) revealed on Monday that it has granted Kraken licence to operate a regulated trading platform in the the UAE.
The US crypto exchange has also decided to open its regional headquarters in Abu Dhabi.
Curtis Ting, Kraken’s managing director for Europe, the Middle East and Africa, commented in front of CNBC:
We’re incredibly excited to be able to set up our operations right in the ADGM [Abu Dhabi Global Market] itself to operate a virtual asset platform that finally offers Dirham pairs for investors in the region.