Paradigm Leads $110M Investment in Bahrain's First Licensed Crypto Brokerage

Paradigm Leads 0M Investment in Bahrain's First Licensed Crypto Brokerage
Bahrain-based cryptocurrency exchange Rain Financial has raised $110 million in a Series B funding round co-led by Paradigm and Kleiner Perkins, according to a press release shared with CoinDesk. The company will use the capital to pursue licensing in additional countries, enhance its technology platform and expand the team.“We believe Rain is a crucial piece of the puzzle for bringing the Middle East deeper into the new crypto economy. Their emphasis on supporting and educating those new to crypto alongside strong banking and regulatory relationships has helped them build a service people trust. This is just the beginning for Rain,…