Kraken, the global virtual asset trading platform, is headquartered in Abu Dhabi Global Market

The first global stock exchange to obtain a full financial permit to trade in UAE dirhams

Kraken is the first global virtual asset exchange to obtain full financial authorization from the Abu Dhabi Global Market

Kraken MENA provides easy access to virtual assets through structured finance, trading and conservation services in UAE dirhams

ADGM is the largest regulatory authority for virtual asset trading activities in the MENA region

Abu Dhabi, United Arab Emirates : Abu Dhabi Global Market (ADGM) announced today that it will welcome the Kraken Stock Exchange into its growing virtual asset trading community. Kraken is the first global cryptocurrency exchange to obtain a full financial permit to conduct virtual asset trading services in the Abu Dhabi Global Market, serving the needs of the Middle East and North Africa region.

Kraken complied with all approval requirements of the ADGM Financial Services Regulatory Authority to now allow it to launch and operate its own multilateral trading platform and custodian services for assets deposited in UAE dirhams and virtual assets.

Kraken emphasizes his commitment to the Emirate of Abu Dhabi and the UAE, and is headquartered in the Abu Dhabi Global Market (ADGM) in the Middle East. Her office is run by a team of experienced senior executives to guide her business and plans in the UAE. Kraken will be the first global virtual asset exchange authorized in the UAE and will start offering its services to investors and trading the ability to invest virtual assets (Bitcoin and Ethereum) directly in the local currency of the UAE dirham , to withdraw and deposit.

ADGM introduced the world’s first comprehensive regulatory framework for virtual asset trading in 2018, and has since established itself as a leading global hub and core business platform for virtual asset activities for local, regional and international companies. The regulatory framework for trading virtual assets in the Abu Dhabi Global Market is known for its global level, due to its comprehensive systems and applications. As such, ADGM is the largest regulatory authority for virtual asset trading in the MENA region.

Curtis Ting, Managing Director, Europe, Middle East and Africa at Kraken, said: “The UAE is one of the most innovative regulatory authorities in the financial sector worldwide, with ADGM enjoying leading participation rates in the regulation of cryptocurrencies in the region by each of the pioneers in the regulation of the global cryptocurrency markets, Abu Dhabi Global Market and its regulatory authority are among the pioneers in the regulation of the global cryptocurrency markets.within this leading regulatory environment for cryptocurrencies, which currency trading crypto currency, spot payment commodity markets over 120 cryptocurrencies, regulated futures and a bull market for non-negotiable tokens We are excited to expand our products and services in the MENA region in the coming months and years. ”

In turn, Dhaher Bin Dhaher Al Muhairi, CEO of the ADGM Registration Authority, said: “We congratulate the Kraken team on obtaining the Financial Services Regulatory Authority permit from ADGM, and we would like to welcome them to our community for prompt international virtual asset trading. Growth in the Abu Dhabi Global Market. As an international financial center and business intermediary, ADGM is doubling its efforts to accelerate new growth and investment opportunities offered by the virtual asset sector, in addition to supporting the efforts of financial sustainability and economic diversification of the Emirate of Abu Dhabi. ”

Al Muhairi added: “The regulation of Kraken within our regulatory authority is a testament to the strength of our regulatory framework in ADGM and the confidence of clients in it, due to its proven track record in supporting the growth of local and global “We are looking forward to working closely with Kraken.” To enhance the integrity and development of the market and to contribute to the efforts to develop the comprehensive ecosystem of the financial market in Abu Dhabi and the UAE in general. ”

The Kraken Group, founded in 2011, is the first world exchange to obtain a license to trade currencies and serves a client base of more than 9 million clients in 60 countries.

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About Kraken:

Kraken is one of the largest global digital asset trading platforms, with a leadership in the volume and liquidity of the Euro. Kraken’s customer base trades more than 100 cryptocurrencies and 7 different fiat currencies worldwide, including the British pound, the euro, the US dollar, the Canadian dollar, the Japanese yen, the Swiss franc, the Australian dollar, and today in the UAE dirhams.

Founded in 2011, Kraken employs approximately 3,000 people, and was one of the first trading platforms to offer column margin trading, parachute auctions, regulated derivatives and index services. The Kraken platform is trusted by more than 8 million merchants and institutions around the world, providing them with online professional support 24 hours a day.

The Kraken platform is popular with investors, including Tribe Capital, Skybridge, Hammingbread Ventures, Blockchain Capital, Digital Currency Group, and others.

You can follow the markets and trade on the platform through Kraken applications for iOS and Android systems, and through Cryptowatch applications available for iOS, Android and computers.

For more information on Kraken, please visit www.kraken.com

For media contact:

press@kraken.com

Alex Rapoport

About Abu Dhabi Global Market

Abu Dhabi Global Market, the international financial center based in the capital of the United Arab Emirates, opened on October 21, 2015. The financial market was established by a federal decision with the aim of providing an integrated and comprehensive financial system that contributes to the consolidation of Abu Dhabi’s position as a leading global center for finance and business, and a strategic link Among the growing economies of the Middle East, Africa, South Asia and the rest of the world.

The ADGM strategy is based on the key strengths and components of the Emirate of Abu Dhabi, which includes private banking, wealth management, asset management, derivatives and commodity trading, financial innovation and sustainability. The Abu Dhabi Global Market includes four independent authorities: the Abu Dhabi Global Market Authority, the Abu Dhabi Global Market Courts, the Financial Services Regulatory Authority and the Registration Authority. The market, as an international financial center, also oversees the administration of Al Maryah Island, a free financial zone that covers a total area of ​​114 acres (14.1 square kilometers). .

ADGM is committed to supporting and enabling financial and non-financial institutions, companies and entities registered in the market to continue to function, innovate, succeed and grow within an international regulatory framework. framework based on public law. Since its inception, the market has been awarded the “Best Financial Center of the Year in the Middle East and North Africa” ​​award for four consecutive years in recognition of its initiatives and active contributions to the financial sector and capital markets in the region. *

For more information on the Abu Dhabi Global Market, please visit the website www.adgm.com or follow its pages on the social media platforms “Twitter” and “Instagram: @adglobalmarket and LinkedIn: @Abu Dhabi Global Market (ADGM).

* Source: Global Investor Middle East and North Africa Awards

For inquiries: media@adgm.com

Media contact:

Edelman Middle East

Ramy Fahmy

Director of Public Relations

Cell: +971 50 130 7991

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