Kraken Parent Receives VARA Approval for UAE Expansion
14 Articles
14 Articles
Kraken's controller Payward receives final license from Dubai's regulator to offer crypto in the United Arab Emirates
Kraken’s Parent Clears Last Dubai Step to Launch Dirham Trading
Kraken’s parent company, Payward, has secured regulatory approval in Dubai to bring fully licensed crypto services to the United Arab Emirates. The Virtual Assets Regulatory Authority (VARA) authorized Payward FZCO to provide crypto services under its local licensing framework, clearing the way for a broader UAE rollout than previously available. Payward said that at launch, Kraken clients in the UAE will be able to trade spot and margin product…
Blockonomi
BITRSSKraken UAE Launch Nears as Payward Secures Full VARA Approval
TLDR: Payward received Full Market Approval from VARA, the final stage of Dubai’s licensing process. Kraken will offer AED-denominated spot and margin trading, with direct dirham deposits and withdrawals. Institutional clients will receive OTC spot trading and Kraken Prime access when the service goes live. Crypto derivatives and new yield products are expected later in [...]
Payward, Kraken’s parent company, obtained full market approval from VARA for its local subsidiary in Dubai. The guarantee enables an initial offer of trading, stacking and dirham transfers for UAE customers, while derivatives and other performance products are subject to new authorisations.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
