Kraken awarded crypto trading license in the United Arab Emirates.Californian crypto exchange Kraken becomes the second virtual asset platform after Binance to receive regulatory approval to operate in the Abu Dhabi international financial center and free zone, Abu Dhabi Global Market (ADGM).
With the new operational license in Abu Dhabi, Kraken aims to better integrate with local banks and payment service providers. This will help the crypto exchange bring global-level liquidity to the United Arab Emirates region.
In addition to Abu Dhabi, competing crypto exchange Binance has already bagged regulatory approvals from two more regions in the Middle East — Bahrain and Dubai.
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