Kraken Launches in Dubai with Full Market Approval from VARA

Kraken news: Dubai grants full market approval to Kraken. Users can soon trade AED pairs — here's what to expect. This expansion marks a significant step for Kraken in the Middle East. Kraken is making a significant move by expanding its operations to Dubai, having received Full Market Approval from the Dubai Virtual Assets Regulatory Authority (VARA). This allows Kraken to offer users the ability to fund accounts in dirhams, trade AED pairs, and stake on-chain. This expansion is expected to enhance Kraken’s presence in the Middle East and attract a new user base.