Understanding Our Crypto Asset Listing Process

At Rain, we're dedicated to bringing the global crypto asset market to you while ensuring that all assets available on our platform meet our regulatory requirements. We evaluate crypto assets in line with criteria prescribed by the Central Bank of Bahrain and our standards, vision, and internal policies. Here is a brief overview of our crypto listing process:

Assessment

We begin by considering new crypto assets for potential listing. This involves a detailed assessment by our senior management and officers. The assets are evaluated against specific criteria, such as:

• Operations: we consider the impact on our resources, infrastructure, personnel, custody arrangements, and our capacity to serve customers with new assets.
• Technology: we evaluate any potential system enhancements or modifications required to list the new asset.
• Cybersecurity: we assess risks linked to code defects, breaches, or other threats to the proposed asset and its supporting network or ledger.
• Market: we look at the potential for price manipulation and fraud.
• Legal: we consider existing or potential legal claims or enforcement actions related to the asset’s issuance, distribution, or use.

Rain only approves new crypto assets after completing its assessment.

Regulatory Notification

Rain additionally notifies the Central Bank of Bahrain prior to listing any approved crypto asset.

The Central Bank of Bahrain does not review nor approve the crypto assets, considering that it has published the crypto asset listing criteria.

By adhering to this rigorous process, we strive to make our platform a safe and trustworthy place for you to buy, sell, and store a wide variety of crypto assets. We're committed to supporting the growth and maturity of the global crypto asset market, and we appreciate your trust in us.