Just-In: Kraken Bags VARA License In Dubai Amid IPO Plans
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16 Articles
Crypto News: Kraken UAE Push Gains VARA Backing for Local Crypto Services
Key Insights: Crypto news: Payward received VARA preliminary approval in Dubai for broker-dealer, investment, and management services. Kraken plans to offer UAE clients AED funding, withdrawals, spot trading, margin, OTC, staking, and Prime access. Kraken says UAE users will access its global order books through a locally regulated Payward subsidiary. Kraken moved closer to launching regulated services in the United Arab Emirates after Payward,…
Kraken Wins Preliminary VARA Approval to Launch in Dubai
Payward, the parent company of Kraken, has received preliminary approval from Dubai's Virtual Asset Regulatory Authority (VARA) for a broker-dealer, investment and management licence, marking Kraken's formal entry into the UAE market.The approval will allow Kraken to offer UAE clients spot, margin, and OTC trading, staking, and institutional access through Kraken Prime. A locally regulated Payward subsidiary will also enable clients to fund and …
Kraken Nears UAE Launch After Preliminary Dubai VARA Approval
TLDR Kraken moved closer to launching in the United Arab Emirates after Payward received preliminary approval from Dubai’s VARA. The preliminary approval covers a broker-dealer, investment, and management licence for Kraken’s Dubai plans. Kraken said it plans to offer...
Kraken’s Dubai Approval Gives It a Regulated Shot at UAE Crypto Traders
Kraken parent Payward has received preliminary approval from Dubai’s Virtual Assets Regulatory Authority for a broker-dealer and investment licence, moving closer to a UAE launch. The approval allows Kraken to offer dirham funding, spot and margin trading, and institutional services, pending final regulatory clearance. Dubai’s VARA already licenses Binance, OKX, and Crypto.com. Kraken’s Dubai unit will operate under local supervision. The post K…
Key news points: Payward received preliminary approval from VARA in Dubai to operate as a broker-dealer with an investment and management license. Customers in the United Arab Emirates will be able to access service of spot, margin, OTC, stacking and dirham financing through a regulated local subsidiary. Kraken will connect Emirates users with its international order books, with deep liquidity in Europe, the United States and APAC. Payward, Krak…
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