Kraken Obtains Full License from Dubai's VARA
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AI-assisted source synthesis · not an independent investigation.
On October 12, 2026, Cryptopolitan reported that Kraken obtained, through its parent company Payward, a full crypto brokerage, custody, and investment license granted by the Dubai Virtual Assets Regulatory Authority (VARA). With this license, Kraken can provide services to retail and institutional investors in the United Arab Emirates. UAE users can trade spot and margin products in UAE dirhams and deposit and withdraw funds directly in dirhams; institutional clients can also use over-the-counter (OTC) services and Kraken Prime. The report did not provide any other time points or subsequent regulatory developments.
AI-written from reports · updated 7 days ago
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- CryptopolitanSelectedKraken secures a full VARA license through Payward, entering UAE spot and margin trading
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.
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