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.

Was this writing helpful?

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.