Wire · operational-macro
Kraken Gets Final Dubai Crypto License, Plans UAE Launch Within Weeks
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 12 October 2026 · Fusion42 review
Kraken's parent company Payward has received full market approval from Dubai's Virtual Assets Regulatory Authority, allowing Kraken to launch retail, professional, and institutional crypto trading services in the UAE within weeks. The license permits direct marketing to retail traders and enables spot and margin trading with dirham currency support, with crypto derivatives expected later pending regulatory approval.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it.
◆ ◆ The Wire takeaway
Your crypto platform can now enter the UAE with full VARA-approved retail trading permissions and local currency support, opening new customer fronts in a competitive market. You need to act fast to capture users switching from established exchanges before derivatives and advanced products roll out.
◆ Coverage
2 sources · 12 Oct 2026
◆ Related on Wire
◆ Topics