THE MIDDLE EAST’S

30. 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 across the GCC and Türkiye to buy, sell, trade, and store virtual assets. It also offers a fiat-to-crypto onramp in local currency along with instant funding and withdrawals in the U.A.E. through a local banking partner. In 2023, it was awarded a financial services permission license from the Abu Dhabi Global Markets Financial Services Regulatory Authority. It also launched the advanced trading platform Rain Pro. Rain operates in 10 countries and has over 413,000 users. It has processed $4.7 billion across more than four million transactions since its inception. The company has secured $119 million from investors, including Paradigm, Coinbase, and MEVP.