Rain Financial, a Bahrain-based cryptocurrency exchange, has opened its public waiting list after a year in the Central Bank of Bahrain’s fintech sandbox. The company is planning to secure a full operational licence in 2019 and expand its operations in the GCC.
Rain was founded by Saudi blockchain consultant Abdullah Almoaiqel and Egyptian investor-turned-meetup organizer Yehia Badawy. Rain aims to offer both a brokerage for retail crypto investors and an institutional platform along the lines of Coinbase Pro in Silicon Valley. In September 2017, Rain became the first company to join the Bahrain sandbox — a regulatory program where applicants
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