Overview
Rain is a regulated cryptocurrency brokerage enabling users across the Middle East to securely buy, sell, exchange, and store Bitcoin, Ethereum, and 70+ other digital assets. Founded in 2018 and headquartered in the UAE, the platform operates with institutional-grade security standards.
👉 Discover Rain's compliant crypto solutions
Key Features
- 70+ Supported Cryptocurrencies: Trade major assets like BTC, ETH alongside regional tokens
- Regulation-First Approach: Licensed under Bahrain's Central Bank
- Institutional-Grade Security: Cold storage, insurance, and compliance protocols
- User-Friendly Interfaces: Web and mobile platforms with Arabic/English support
X (Twitter) Community Growth
| Metric | Rain | Regional Competitor |
|---|---|---|
| Followers | 58K | 42K |
| Engagement Rate | 4.7% | 3.2% |
| Bullish Sentiment | 77.4% | 68.1% |
Core Services
- Retail Trading: Instant purchases with local currency rails
- OTC Desk: Large-volume transactions for institutions
- Crypto Custody: Secure storage solutions
- Staking: Earn rewards on supported assets
Leadership Team
- Joseph Dallago (CEO & Co-Founder): Former MIT blockchain researcher
- Yehia Badawy (CTO): Ex-Amazon Web Services architect
- Abdullah Almoaiqel (CFO): Chartered accountant with Citigroup experience
👉 Explore institutional crypto opportunities
Investment Highlights
Major Backers
| Investor | Investment Stage |
|---|---|
| Paradigm | Series B Lead |
| Lightspeed Venture | Series A Lead |
| Coinbase Ventures | Strategic |
| Khosla Ventures | Growth |
Funding Timeline
- 2022: $110M Series B (Paradigm-led)
- 2021: $6M Series A
- 2019: Undisclosed Seed Round
Market Positioning
Key Advantages:
- First Sharia-compliant crypto exchange
- Local currency on/off ramps
- MENA-focused liquidity pools
- Regulatory partnerships with central banks
FAQ Section
Is Rain available outside the Middle East?
Currently serving Bahrain, UAE, Saudi Arabia, Kuwait, and Oman with plans for North African expansion.
What makes Rain different from global exchanges?
Localized compliance, Arabic interface, and regional payment methods make it the preferred choice for MENA investors.
How does Rain ensure asset security?
95% cold storage allocation, regular third-party audits, and $50M insurance coverage.