Kraken became the second crypto exchange in the UAE after Binance

As we informed you at the very beginning of yesterday’s article, the entire crypto industry is moving by mileage steps every day, and today this is no exception, as the crypto exchange Kraken has become the second crypto exchange after Binance, licensed to operate in the United Arab Emirates. The California-based Kraken Cryptomen Exchange has been licensed to operate in the Abu Dhabi International Financial Center and the Abu Dhabi Global Market (ADGM). After Binance, it became the second digital asset platform to succeed.

This fact and a very positive report were also confirmed by the CEO of Kraken Curtis Ting, specifically in an interview with CNBC. According to the official announcement, the crypto stock exchange Kraken hopes to work more closely with local banks and other regional payment service providers. This region is one of the fastest-growing crypto sectors and Kraken and Binance are in a very good position. Other crypto exchanges that are currently pursuing licenses in the United Arab Emirates are Bybit and FTX.