THE MIDDLE EAST’S

29. Rain

Description: Crypto-asset exchange
Headquarters: Bahrain, UAE
Date of Establishment: 2017
Founders : Abdullah Almoaiqel, Yehia Badawy, Adam Nelson, Joseph Dallago

Rain allows investors to buy, sell, and store crypto assets across Bahrain, the UAE, and Türkiye, offering more than 200 tradable coins and tokens. As of December 2025, the company had over two million customer sign-ups with over $3 billion in annual trading volume. In 2025, Rain submitted its full license application in Türkiye and received in-principle approval from Dubai’s Virtual Assets Regulatory Authority. The company also launched Pay by Bank in the UAE under the Open Finance framework. In April 2026, Rain acquired financial media company Digital Ma'arefa.