Popular US-based cryptocurrency exchange Kraken closed its Abu Dhabi office a year after licensing, while also ending support for the country’s local currency, the AED (dirham).
Bloomberg’s February 2 Kraken’s global workforce is about approx. 33% of under the layoff plan Abu Dhabi closed his office. Stock market, the local currency of the country to AED also the support at the end from the decision eight staff affected, but Middle East and North Africa (MENA) managing director by Benjamin Ampen stay in the stock market will continue stated.
A company spokesperson said in a statement, Middle East and North Africa unit is almost most of them He said he was fired from his job. However, the end of support for the local currency will not affect operational processes. Only AED automatically deposits dollars was underlined. Customers affected by the decision have been informed also expressed.
In the statement, customers located in the Middle East and North Africa Kraken of all its products to take advantage can continue was also highlighted.