Crypto Exchange Kraken Secures VARA License to Launch in Dubai

▤ Summary

Kraken’s parent Payward received preliminary broker-dealer and investment management authorization from Dubai’s VARA, enabling Kraken to operate in the emirate. The exchange will offer UAE clients spot and margin trading, OTC services, staking, crypto transfers, and access to Kraken Prime, with local dirham funding and withdrawals handled by Payward FZCO. UAE traders will connect to Kraken’s global order books across Europe, the U.S., and APAC, and the company plans to add derivatives, lending, and new investment products for qualified clients. Kraken cites Dubai’s clear rulebook and local supervision as a draw for institutional liquidity and capital, joining other major exchanges licensed by VARA.

▦ Linked Companies