Kraken, a US-based cryptocurrency exchange has expanded into the Middle East and will open its regional headquarters in Abu Dhabi after obtaining a full license to operate a regulated trading platform in the UAE. Incidentally, with this development, Kraken will become the first cryptocurrency exchange to present direct funding and trading in UAE a against Bitcoin (BTC), Ether and a range of other virtual assets, after attaining regulatory approval from the ADGM and Financial Services Regulatory Authority for its local launch.
Unicas, a crypto financial institution with physical branches, has announced the opening of a branch in Janakpuri, in New Delhi. Unicas has created a one-stop solution platform to invest, earn, and borrow cryptocurrencies. Earlier they had launched a branch at Connaught Place in central Delhi in February. The brand is now expanding in other parts of the capital, starting with the new branch in Janakpuri. The global crypto market cap was at $1.78 trillion, a decrease of 3.69 per cent in the last 24 hours, while the total crypto market volume was $76.88 billion, up by 51.42 per cent.