April 14th, 2022: Rain has launched one of the most competitive fee structures in the region by introducing 0% trading fees. The good news is that this offer is applicable on both, direct bank as well as card transactions.
With changing consumer behavior and increasing demand in the interest of crypto, Rain is committed to investing in building a platform that is simplified and easy to use. With 0% trading fees users will be able to see the price of the cryptocurrency they want to trade and know there are no further costs later on.
The simplified fee structure aims to bring a new generation of investors into the Middle East and customers can feel more comfortable placing their first trade while they build their confidence in the crypto world. Last month, Rain launched a new and improved version of its platform and this latest update is part of its commitment to building a seamless trading experience for everyone.
“We believe introducing 0% commission trading is the fastest way to onboard millions of new customers in the Middle East that are newly interested in the crypto industry. Rain as a leader wants to set the tone for the market”, said AJ Nelson, co-founder.
Earlier this year Rain secured USD 110 million Series B funding. The round was co-led by Paradigm and Kleiner Perkins with participation from numerous parties including Coinbase Ventures, Global Founders Capital, MEVP, Cadenza Ventures, JIMCO, and CMT Digital.
While continuing to focus on regional expansion, Rain seeks to offer a safe and secure space to buy, sell and store cryptocurrencies, as well as provide regular educational opportunities for those interested in learning more about cryptocurrencies.
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