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Major crypto exchange to open HQ in UAE
A Kraken deal is on the horizon in Abu Dhabi, with the first major crypto exchange to offer UAE currency
According to CNBC, Kraken will open an office in Abu Dhabi after receiving a full license to operate in the UAE.
Data shows The Middle East is one of the fastest-growing cryptocurrency markets in the world, making up 7 per cent of global trading volumes.
U.S. crypto exchange Kraken will operate as a virtual asset platform that finally offers the national currency known as Dirham pairs for investors in the region
Kraken will become the first cryptocurrency exchange to offer direct funding and trading in UAE dirhams against bitcoin, ether and a range of other virtual assets.
It’s clear crypto trading is becoming increasingly mainstream in the middle east after Kraken was granted regulatory approval.
World’s largest crypto exchange Binance was given approval to operate in Abu Dhabi in recent weeks, and will recruit for over 100 positions in the country.