• Abu Dhabi Global Market has opened its doors to Kraken, a member of the expanding cryptocurrency community.
• After Kraken met all the requirements of ADGM’s Financial Services Regulatory Authority, (FSRA), this news is now.
• Kraken’s Middle East Headquarters in ADGM is also a symbol of its dedication to Abu Dhabi, the UAE and its customers.

Abu Dhabi Global Market, the International Financial Center (ADGM) in Abu Dhabi has added Kraken to their expanding cryptocurrency community. ADGM issued a press statement today to announce the news.

The news comes after Kraken successfully met the Financial Services Regulatory Authority of ADGM (FSRA) to allow it to function as a Custodian, Virtual Asset Multilateral Trade Facility (MTF), as well in the UAE.

According to ADGM, “Kraken is the first global cryptocurrency exchange to receive a Financial Services Permission (FSP) license to operate a regulated virtual asset exchange platform in the ADGM to service the needs of the Middle East and North Africa region.”

Kraken is the UAE’s first international cryptocurrency exchange that allows investors to trade, deposit, withdraw, and invest in cryptocurrencies.

The managing director of EMEA at Kraken, Curtis Ting, applauded the forward thinking of ADGM and said, “The UAE is one of the most financially innovative jurisdictions in the world, with region-leading crypto participation rates by both consumer and professional investors. The ADGM and its financial regulator have been true pioneers for global crypto regulation”.

Kraken’s Middle East headquarters has been established in ADGM by the company as an indication of its dedication to Abu Dhabi, UAE and its customers. It will have a senior executive team that is experienced and who will manage its operations in UAE.

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