| Submission declined on 1 October 2024 by Chaotic Enby (talk). This submission does not appear to be written in the formal tone expected of an encyclopedia article. Entries should be written from a neutral point of view, and should refer to a range of independent, reliable, published sources. Please rewrite your submission in a more encyclopedic format. Please make sure to avoid peacock terms that promote the subject.
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Comment: Reuters is a good reliable source to base your article on, but some others like Crunchbase or Bitcoin Magazine aren't. A lot of the language is too promotional, the article should strive to be neutral, something that both a member of the company and a competitor would agree is a fair description of facts. Chaotic Enby (talk · contribs) 13:36, 1 October 2024 (UTC)
| Founded | 2016 |
|---|---|
| Key people | Joseph Dallago (CEO and co-founder), Adam John Nelson (co-founder), Yehia Badawy (co-founder), Abdullah Almoaiqel (co-founder) |
| Website | www |
| Licensed and regulated by the Central Bank of Bahrain and Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority (FSRA) | |
Rain is a cryptocurrency exchange founded.[1] in 2017 by Abdullah Almoaiqel, AJ Nelson, Joseph Dallago, and Yehia Badawy. Rain Financial Inc., the parent company, oversees Rain Management W.L.L and Rain Trading Limited. Rain Management W.L.L, based in Bahrain, became the first licensed crypto-asset service provider[2] in the Middle East in 2019 by the Central Bank of Bahrain. Rain Trading Limited, the UAE subsidiary, became fully licensed and regulated[3] in 2023 by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). Rain Yazilim ve Ticaret operates in Turkey, further expanding Rain's presence across the region. Rain allows trading between fiat currency, Bitcoin and other cryptocurrencies, such as USD, AED, OMN, BHD, KWT, Ethereum, Litecoin, Ripple, Bitcoin Cash, Algorand, Stellar, and USD Coin.
Rain is the first crypto asset platform[4] to receive regulatory approval in the MENA region. Rain is fully regulated and licensed in Bahrain[5] and the UAE[6] to serve ten countries across the Middle East. The platform serves as a safe space to buy, sell, send and receive cryptocurrency. Rain continues to evolve as a company and develop the technology to optimize the user experience. Rain’s mission is to bring forward a trusted and easy to use platform to all current and future customers in the cryptocurrency space across the Middle East region.
- ^ "Rain.com Crypto Exchange". Crunchbase.com. Crunchbase. Retrieved 1 September 2017.
- ^ "Bahrain crypto exchange Rain secures MidEast's first licence". arabianbusiness.com. Retrieved 31 Jul 2019.
- ^ "Crypto exchange Rain to target UAE asset managers after winning licence". Reuters. Retrieved 25 July 2023.
- ^ "Rain raises $2.5 million and acquires regulatory license". wamda.com. Retrieved 31 July 2019.
- ^ "Middle East's First Central Bank-Backed Crypto Exchange to Launch in 2019". Yahoo Finance. 9 October 2018.
- ^ "Abu Dhabi Global Market (ADGM) grants financial services permission to crypto exchange Rain". 25 July 2023. Retrieved 1 October 2024.