Payward, the parent company of Kraken, has received Full Market Approval from Dubai’s Virtual Assets Regulatory Authority (VARA), allowing it to launch regulated services in the UAE. At launch, clients will be able to trade spot and margin crypto markets using UAE dirhams, deposit and withdraw AED, access staking and xStocks, and use Krak for crypto transfers. Institutional clients will also have access to over-the-counter spot trading and Kraken Prime. Crypto derivatives and additional yield products are expected in late 2026 and 2027, subject to regulatory approval.
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