Kraken Gets UAE Regulatory Approval from VARA
Kraken's Payward FZCO entity received VARA licensing in the UAE to offer spot and margin trading in AED-denominated pairs across retail, professional, and institutional tiers — launching in coming weeks.
What we know
CoinDesk reported the approval, with Kraken joining a growing cohort of regulated crypto platforms in the UAE. AED-denominated pairs signal a push for local currency integration, which is significant for Middle Eastern institutional and retail adoption. This fits the broader Token2049 narrative of institutions and regulated players expanding into new jurisdictions.
Sources
“Kraken receives UAE regulatory approval with Payward FZCO licensed by VARA to offer spot and margin trading in AED-denominated pairs”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.