Kraken cryptocurrency exchange launches the UAE domestic currency operations. Users will be able to fund their accounts in dirhams, buy cryptocurrencies and NFTs, etc.
Raison Asset Management first invested in Kraken in 2020.
Kraken is the first international cryptocurrency exchange fully licensed by the UAE digital finance regulator Abu Dhabi Global Market (ADGM). The company opened an office in Abu Dhabi to operate in the UAE and broadly the MENA region.
The company is also preparing to launch an NFT marketplace and accepting requests from those wishing to become the first users. It has recently announced 70 NFT collections to be traded on its platform, including the famous “bored monkeys” (Bored Ape Yacht Club). According to the press-release, “hundreds of new collections” will be added to the marketplace in the future.