The rollout follows a decision by Dubai’s Virtual Assets Regulatory Authority (VARA) to grant full market approval to Kraken's parent company, Payward, which previously held preliminary approval from May. Payward intends to introduce crypto derivatives and additional products between late 2026 and 2027, pending further regulatory authorization.
Tuesday, October 20, 2026
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Payward Wins Full Dubai Approval for Kraken UAE Launch
Crypto9 days ago
Kraken is deploying its virtual asset trading platform to the United Arab Emirates in the coming weeks to target retail, professional and institutional clients. The exchange will offer onchain staking, tokenized stocks through xStocks, and Krak transfers, as well as AED-denominated spot and margin trading with direct dirham deposits and withdrawals. Institutional users will have access to a specialized suite including Kraken Prime and OTC spot trading.
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