Kraken Targets UAE Crypto Market After Dubai License Approval

Kraken is preparing to launch in the United Arab Emirates after securing full approval from Dubai’s Virtual Assets Regulatory Authority (VARA), giving the exchange a regulated route into one of the Middle East’s most competitive cryptocurrency markets. Parent company Payward announced the authorization on October 12 , with customer onboarding expected to begin within weeks. The planned service will connect UAE investors to Kraken’s existing global order books while supporting local-currency funding. The commercial question is whether Kraken can turn that combination into a meaningful advantage against exchanges already operating under Dubai’s regulatory framework.

Source: Crypto News Flash