Kraken Prepares UAE Launch After Securing Full VARA Approval
Photo: TheNewsCrypto
Kraken is preparing to launch in the United Arab Emirates after its parent company, Payward, received Full Market Approval from Dubai’s Virtual Assets Regulatory Authority (VARA). VARA’s public register shows that Payward’s licence was issued on October 6, 2026, authorizing it to serve institutional, qualified and retail investors. Payward publicly announced the approval on October 12. The approval clears the final regulatory stage before the crypto exchange begins serving local customers, with a launch targeted for the coming weeks. At launch, customers will be able to trade cryptocurrencies on spot and margin markets using UAE dirham (AED)-denominated pairs.
Source: TheNewsCrypto
