Crypto Exchange Rain Raises from BitMEX, Opens Trading In Middle East
Cryptocurrency exchange Rain has opened its doors for business following regulatory approval by Bahrain’s central bank. The exchange also closed a $2.5 million funding round co-led by BitMEX Ventures.
Rain received a Crypto-Asset Module (CMA) license following a two-year regulatory sandbox process per a statement from the exchange. Both the first project and graduate under the Central Bank of Bahrain’s (CBB) sandbox program, Rain is looking to fill a gap in the Middle East’s digital asset market.