Kraken parent Payward secures full Dubai license for UAE crypto launch

Kraken's parent company Payward has secured full regulatory approval in Dubai to launch cryptocurrency trading and financial services for retail, professional and institutional customers in the United Arab Emirates. Kraken parent Payward has received full market approval from Dubai's VARA, allowing it to serve retail, professional and institutional investors in the UAE. Kraken customers will be able to trade spot and margin pairs in UAE dirhams, with direct AED deposits and withdrawals available at launch. The initial offering will include onchain staking, tokenized equities through xStocks and institutional trading services through Kraken Prime.