Rain operates a licensed digital currency exchange platform that enables users to buy, sell, and swap over 70 cryptocurrencies with bank-grade security and a proprietary cold storage system for asset protection. The platform addresses the need for a regulated and user-friendly solution for cryptocurrency transactions in the Middle East, offering 24/7 bilingual support and transparent fee structures.
Funding
$140.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In the Middle East, many individuals and institutions lack access to regulated and user-friendly platforms for buying, selling, and swapping cryptocurrencies, hindering their participation in the digital asset market. Existing solutions may lack adequate security measures, transparent fee structures, and comprehensive customer support.
Solution
Rain provides a licensed digital currency exchange platform designed to offer a secure and accessible solution for cryptocurrency transactions in the Middle East. The platform enables users to buy, sell, and swap over 70 cryptocurrencies while adhering to rigorous cybersecurity and banking standards. Rain employs a proprietary offline cold storage system to protect user funds and offers 24/7 bilingual support to assist users with their transactions. The platform also provides advanced charting and analysis tools, conditional order types, and transparent fee structures.
Target Audience
Rain primarily targets individual and institutional investors in the Middle East seeking a regulated, secure, and user-friendly platform for cryptocurrency trading.
Features
- Support for over 70 cryptocurrencies, with new assets added regularly.
- Proprietary offline cold storage system for bank-grade security of digital assets.
- 24/7 bilingual customer support via live chat or email.
- Advanced charting and analysis tools for tracking market movements.
- Conditional order types (market and limit orders) for managing positions.
- Transparent fee structure with 0.10% maker fees and 0.25% taker fees.
- Over-the-counter (OTC) desk for private and personalized service for large orders.
- Mobile app available for iOS and Android.