Kraken Prepares UAE Launch After Full VARA Approval in Dubai
Kraken plans to enter the UAE after receiving full VARA approval in Dubai. Clients will get spot and margin trading in AED-denominated pairs.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
Reuters reports that cryptocurrency exchange Kraken plans to launch in the UAE after receiving full market approval from VARA in Dubai. Payward, Kraken’s operator, said UAE clients will initially be able to trade spot assets and use margin trading through pairs denominated in UAE dirhams.
Payward added that customers will be able to fund accounts and withdraw money directly in dirhams. Crypto derivatives and a broader selection of new yield opportunities are expected to be introduced later in 2026 and into 2027.
why it matters
Kraken’s planned UAE entry would give clients in the region access to spot and margin crypto trading through an approved platform. The later addition of derivatives and yield products would broaden the available range of instruments.
instruments
sources
- Kraken Plans UAE Launch, Following Full Market Approval From VARA In Dubai — Reuters, 12 October 2026 at 12:23 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗