Kraken parent company Payward FZCO received full market approval from Dubai’s Virtual Assets Regulatory Authority (VARA) on October 12, 2026, clearing the exchange to serve clients in the United Arab Emirates in the coming weeks. The approval classifies Payward as a Virtual Asset Service Provider covering broker-dealer, investment, and management operations for retail, professional, and institutional clients. At launch, UAE clients will be able to trade spot and margin in AED, access on-chain staking, and fund or withdraw accounts directly in dirhams. Institutional clients will also benefit from OTC trading and Kraken Prime services, with plans for derivatives and yield products in later phases.
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