As per Bloomberg Kraken, crypto exchange based out of Abu Dhabi UAE has closed its office  while Chainalysis lays off 4.8 percent of its global workforce, but continues to hire in the MENA region. Kraken has closed its   third office in less than a year. The first one was its headquarters in San Francisco, then Japan and now UAE. Kraken had received a full license to operate in the UAE in April 2022.   With these closures have come layoffs. Kraken announced back in November 2022 that it would be laying off 30 percent of its workforce, equivalent to 1,100 employees. As per Bloomberg, Kraken laid off the majority of its team in the MENA region, a total of 8 people. Benjamin Ampen, managing director for the region, will stay with the firm. On the Abu Dhabi market registry, Kraken is no longer listed as an active exchange. In addition the exchange has suspended support for transactions in the AED, but clients in the region will still be able to use other products and service