Kraken UAE launch wins final Dubai regulatory approval for dirham trading
Photo: The Cryptonomist
Kraken’s UAE launch has cleared its final regulatory hurdle: parent company Payward has secured Full Market Approval from Dubai’s VARA, permitting regulated services for retail, professional and institutional investors. Kraken expects to begin serving UAE clients within the coming weeks, with dirham funding and trading available from launch. Key takeaways VARA’s final approval authorizes Payward to operate as a regulated virtual asset provider. Kraken’s opening lineup includes AED trading, staking, xStocks and institutional services. Derivatives and additional yield products are planned for later rollout, subject to approval.
Source: The Cryptonomist
