Kraken parent clears Dubai’s final hurdle for dirham trading rollout
Summary
Kraken parent Payward received a VARA VASP license for its UAE entity, Payward FZCO, allowing it to provide crypto management, investment and broker-dealer services. Kraken plans to launch in the coming weeks, offering UAE clients spot and margin trading in dirham-denominated pairs and direct deposits and withdrawals. The approval covers retail, professional and institutional investors. VARA’s registry lists 58 licensed providers, up from 49 in May 2026, as other firms also expand UAE crypto services.
