Kraken secures a full VARA license through Payward, entering UAE spot and margin trading
Kraken receives full VARA greenlight to offer spot and margin product trading in the UAE
AI-assisted source summary · not independently verified. Content standards
Kraken has obtained a full crypto broker-dealer, management and investment license from Dubai VARA through its parent company Payward, allowing it to serve retail and institutional investors in the UAE. UAE users can trade spot and margin products in AED and deposit and withdraw directly in UAE dirhams; institutional clients can also access OTC trading services and Kraken Prime.
The article outlines the customer coverage of the license, AED trading and funding channels, and the boundaries under which subsequent products still require VARA approval.
Source:Cryptopolitan · cryptopolitan.com