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Description
                    Rain operates as a licensed cryptocurrency platform and custodian, earning the trust of numerous clients across more than 50 countries. Engage in buying and selling cryptocurrencies in the Middle East with confidence. Rain is officially licensed by the Central Bank of Bahrain (CBB) as a crypto-asset brokerage, which ensures adherence to extensive cybersecurity, capital reserve, and banking compliance regulations. A significant portion of our cryptocurrency assets is kept offline within Rain's custom cold storage system, safeguarding your investments. We implement bank-level security measures, encryption technology, and maintain a strong commitment to meeting CCSS standards. Rain offers competitive international pricing and fee structures tailored for the Middle East market. You can trade Bitcoin, Ethereum, Litecoin, and XRP with a straightforward fee of 1.5% through our brokerage. Our commitment to customer service means you will always interact with a real person, and we guarantee a response within 24 hours via live chat or email. We cater to our users in both Arabic and English, ensuring accessibility for all. Additionally, we provide a wealth of support articles for our customers to reference whenever needed, enhancing their experience with our platform.
                
            
        
            Description
                    Blocknox GmbH, a subsidiary of Boerse Stuttgart Group, is responsible for the custody of cryptocurrencies on an escrow basis. This service was launched in late January 2019 initially for BISON app users and was later expanded in late September 2019 to accommodate users of the Boerse Stuttgart Digital Exchange (BSDEX). Blocknox has designed and implemented a robust multilevel security framework for the safe custody of cryptocurrencies. In the future, blocknox aims to extend its custody services to institutional clients, including fintech companies, banks, and asset managers, allowing them to leverage blocknox’s trusted custody solutions as foundational elements for their own digital asset services. In light of the legal regulations concerning crypto custody that took effect in Germany on January 1, 2020, blocknox has proactively submitted an application for the necessary license to regulatory authorities. While awaiting the approval of this license, blocknox currently holds a provisional status as a regulated financial services provider, ensuring that it can continue to operate within the legal framework. This strategic approach positions blocknox as a key player in the evolving landscape of cryptocurrency custody solutions.
                
            
        
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                Vendor Details
Company Name
Rain Technology Services
Country
United Arab Emirates
Website
www.rain.com
Vendor Details
Company Name
Börse Stuttgart
Founded
2018
Country
Germany
Website
www.boerse-stuttgart.de/en/about-us/company-structure/our-companies/blocknox-gmbh/