Current outcome
Kraken has secured full VARA approval to launch regulated crypto services in the UAE, expanding its licensed footprint in the region.
Progress timeline
2 material updates- #01
【Kraken 母公司 Payward 获迪拜 VARA 全面批准】
Kraken parent company Payward received full regulatory approval from Dubai's Virtual Assets Regulatory Authority, clearing the way for Kraken to launch in the UAE with AED deposit and withdrawal support.
Source evidence: foresightnews · www.tokenpost.com · FinanceX Magazine · The Defiant · wublockchainenglish · Cointelegraph · www.tokenpost.com · TOKENPOST · CryptoTicker · CryptoRank
- #02
Kraken母公司Payward获迪拜VARA全面市场批准,计划进军阿联酋市场
Payward received full market approval from VARA to operate as a regulated VASP; plans to launch in the UAE with AED spot and margin trading, fiat on/off-ramps, staking, xStocks, Krak transfers, institutional OTC/Kraken Prime, with derivatives and yield products targeted for late 2026–2027.
State after update: Payward has full market approval from Dubai VARA to operate as a regulated VASP and plans to launch UAE services including AED spot/margin trading, fiat ramps, staking, xStocks, Krak, and institutional offerings, with derivatives and yield products expected later.
Source evidence: theblockbeats · TradingView