This archive report was first published on 6 August 2019.
On August 6, 2019, Bittrex, a leading digital asset trading platform, and Rain, a licensed digital asset trading platform in the Middle East, announced a partnership to launch a new cryptocurrency trading platform in the MENA region.
The new platform, which is fully licensed and compliant with the Crypto-Asset (CRA) legal framework established by the Central Bank of Bahrain (CBB), offers a vast choice of digital assets for users in the MENA region to trade in.
According to Bittrex CEO Bill Shihara, "Our global partner network is key to driving blockchain awareness and adoption. Launching the first fully licensed platform in the region is an outstanding accomplishment by the Rain team and we are very proud to partner with them as they bring blockchain to an underserved marketplace with great potential."
The platform offers multiple Middle Eastern currency/BTC pairs, including BHD/BTC, SAR/BTC, AED/BTC, and KWD/BTC.
Rain has been working with regulators in the region for the past three years to help drive adoption of blockchain innovation in Bahrain and the broader MENA region.
