THE MIDDLE EAST’S

32. Rain
Description: Crypto-asset exchange
Headquarters: Bahrain, U.A.E.
Date of Establishment: 2017
Founders: Abdullah Almoaiqel, Yehia Badawy, Adam Nelson, Joseph Dallago
Rain allows investors to buy, sell, send, receive, and store virtual assets. It operates in Bahrain, the U.A.E., and Türkiye, offering over 50 coins. In 2024, Rain was shortlisted for a local license in Türkiye and is in the application process. It has accumulated over $8.3 billion in trading volume since 2019. Rain had over 1.5 million customer signups as of 2024.