Kraken parent secures full Dubai regulatory approval for UAE launch
Image: Crypto.newsKraken parent company Payward received full market approval from Dubai's Virtual Assets Regulatory Authority. The license allows the exchange to serve retail, professional, and institutional clients in the United Arab Emirates. Users can trade spot and margin pairs denominated in UAE dirhams with direct local deposits and withdrawals. Institutional clients gain access to Kraken Prime. Payward plans to introduce derivatives and yield products through 2026 and 2027.
Key points
- Dubai's Virtual Assets Regulatory Authority granted Payward full market approval.
- The approval allows Kraken to serve retail, professional, and institutional clients in the UAE.
- Users can trade spot and margin pairs denominated in UAE dirhams with direct local deposits.
- Payward plans to introduce derivatives and yield products through 2026 and 2027.
Why it matters
The approval expands Kraken's regulated operations into the United Arab Emirates, allowing local clients to trade cryptocurrencies and use financial services denominated in UAE dirhams.
What's unclear
The exact customer launch date in the UAE is not specified.
Sources · 4 publishers
Crypto.news
Tier 2
Kraken parent Payward secures full Dubai license for UAE crypto launch
Blockonomi
Tier 3
Kraken UAE Launch Nears as Payward Secures Full VARA Approval
CoinGape
Tier 2
Kraken Secures Full Dubai VARA Approval Through Payward Ahead of UAE Launch
Coverage timeline
- First reported by Crypto Briefing
- Also reported by Crypto.news
- CryptoVideos brief published
- 2 more publishers added to sources
- Brief updated
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
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