The Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority has reportedly given Rain, a cryptocurrency firm, approval to provide brokerage and custody services to residents. Rain, headquartered in Bahrain, mainly provides crypto services across the Middle East and Turkey. To strengthen user protection, Rain CEO Joseph Dallago said the firm has partnered with a local bank for its services. This follows the crypto exchange Binance received similar regulatory approval last year.