Kraken, through its parent company Payward, has received full market approval from the Dubai Virtual Asset Regulatory Authority (VARA), enabling it to offer crypto services in the United Arab Emirates. The platform will serve retail, professional, and institutional investors, initially offering spot and margin trading denominated in UAE dirhams (AED), along with on-chain staking, xStocks, and Krak. Payward, which holds over 100 licenses and registrations worldwide, has completed several major deals this year, including a 200 million dollar investment from Deutsche Börse in April and a 100 million dollar investment from Nasdaq in September, valuing the company at 21 billion dollars.
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