Bahrain crypto platform Rain's trading volumes hit $1bln; to hire more employees
Bahrain Central Bank-licensed cryptocurrency platform Rain Management said trading volumes has jumped 20-fold to $1 billion in 2021 compared to last year.
As there were now more than 100,000 active users, Rain said it plans to hire 105 more employees.
In a statement Monday, it attributed the surge to increased awareness of the cryptocurrency industry as well as the shift in mindset amongst investors in the region.
Joseph Dallago, Director, Rain, said: “2020 expedited digital adoption in the region that surely had a positive effect on our growth. We are excited to see the mass adoption of cryptocurrencies by governments and consumers.”
