Crypto Exchange Kraken Secures VARA License to Launch in Dubai
Key takeaways
- The authorization permits Kraken to offer virtual asset services to both retail and professional investors in Dubai, according to a company announcement.
- UAE traders will connect to Kraken s global order books across Europe, the United States, and Asia-Pacific markets.
- The company plans to expand its Dubai offering to include derivatives, lending, and new investment products for qualified clients.
Crypto Exchange Kraken Secures VARA License to Launch in Dubai Decrypt Agent Thu, May 21, 2026 at 11:32 PM GMT+7 2 min read KRAK.PVT Cryptocurrency exchange Kraken said Thursday that it has secured regulatory approval to operate in Dubai after its parent company Payward received preliminary broker-dealer and investment management authorization from the emirate s Virtual Asset Regulatory Authority.
The authorization permits Kraken to offer virtual asset services to both retail and professional investors in Dubai, according to a company announcement. The exchange will provide United Arab Emirates clients with spot and margin trading, over-the-counter services, staking, crypto transfers, and access to its institutional platform Kraken Prime.
UAE traders will connect to Kraken s global order books across Europe, the United States, and Asia-Pacific markets. Customers can fund accounts and make withdrawals in dirhams through Payward FZCO, the locally regulated subsidiary.