In brief
- Payward, Kraken’s parent company, secured preliminary regulatory approval from Dubai’s Virtual Asset Regulatory Authority (VARA).
- Services will include spot and margin trading, OTC, staking, transfers, and institutional offerings through Kraken Prime.
- UAE customers can fund accounts and withdraw in dirhams through a locally regulated subsidiary.
Cryptocurrency exchange Kraken said Thursday that it has secured regulatory approval to operate in Dubai after its parent company Payward received preliminary broker-dealer and investment management authorization from the emirate’s Virtual Asset Regulatory Authority.
The authorization permits Kraken to offer virtual asset services to both retail and professional investors in Dubai,…
