Kraken moves closer to UAE launch after Dubai regulatory approval
60-second summary
Kraken's parent company, Payward, receives preliminary approval from Dubai's VARA, clearing the path for UAE dirham funding, margin, and OTC trading, as well as institutional access via Kraken Prime. This development marks a significant step towards Kraken's UAE launch, potentially expanding its user base and trading capabilities in the region, bolstering its global presence.
Kraken’s parent company, Payward, received preliminary approval from Dubai's VARA, paving the way for UAE dirham funding, margin and OTC trading and institutional access via Kraken Prime.