Kraken moves closer to UAE launch after Dubai regulatory approval
Kraken’s parent company, Payward, received preliminary approval from Dubai's VARA, paving the way for UAE dirham funding, margin and OTC trading and institutional access via Kraken Prime....
Key takeaways
- 1Kraken's parent company Payward received preliminary approval from Dubai's VARA for broker-dealer and investment license.
- 2Kraken will offer UAE dirham funding, margin trading, OTC trading, and Kraken Prime institutional access at UAE launch.
- 3Dubai's VARA register now includes 49 active crypto firms including Binance, Crypto.com, OKX, and other major players.
Why it matters
UAE's regulatory clarity attracts global crypto institutions and liquidity away from fragmented jurisdictions. For Indian investors, this signals growing legitimacy of crypto markets in neighboring regions and potential future regulatory models India may consider.
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