Kraken Parent Secures Final Dubai VASP License, Plans UAE Dirham Trading Pairs
Tom Rudovsky · Reported by Bloomingbit
Sentiment
Positive
Importance
7
Price
--
Mkt Cap
--
52W Low
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52W High
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52W Position
Off High
Rel. Volume
Market data snapshot near publication time
Summary
Payward received final VASP approval from Dubai's VARA on October 6, clearing the way for Kraken to launch UAE dirham-denominated spot and margin trading pairs within weeks. The license covers asset management, investment services, and broker-dealer activities for retail, professional, and institutional clients. This follows preliminary approval in May and comes amid a broader UAE crypto expansion, with Standard Chartered and Capital.com also entering the market. The move deepens Kraken's Middle East footprint and adds a regulated fiat on-ramp in a growing regional hub.
This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Bloomingbit.