Kraken shutters Abu Dhabi office a year after gaining license
The move to close its Abu Dhabi office is likely part of Kraken’s wider cost-cutting measures that have seen it lay off most of its MENA team.
Cryptocurrency news by Protos · Protos
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
US-based crypto exchange Kraken is shuttering its Abu Dhabi office as part of its ongoing global cost-cutting measures, reports Bloomberg.
The move means that transactions in Dirham, the country’s official currency, will no longer be allowed. However, customers from the region will still be able to use the platform.
The company took the decision less than 12 months after gaining a local license. Kraken no longer shows up in the registry for Abu Dhabi Global Market (ADGM).
Hosted on Acast. See acast.com/privacy for more information.