Kraken’s Parent Payward Wins Full Dubai VARA License

Key highlights: Payward, Kraken’s parent company, has just received full market approval from Dubai’s Virtual Asset Regulatory Authority (VARA). With this approval, the company can now start offering regulated virtual asset services in Dubai. People in the UAE will soon be able to trade spot and margin markets, access trading pairs in AED, and fund or withdraw directly in dirhams. Kraken’s launch will include features like on-chain staking, xStocks, crypto transfers through Krak, and institutional services such as OTC spot trading and Kraken Prime.