Kraken receives final regulatory approval from Dubai, plans to officially launch in the UAE market within weeks.
According to The Block, Payward, the parent company of Kraken, has received final regulatory approval from Dubai and plans to officially launch exchange services in the UAE within the coming weeks. Kraken will offer spot and margin trading, staking, xStocks, and Krak transfers denominated in AED (UAE dirham), as well as institutional OTC spot trading and Kraken Prime services. The crypto derivatives business remains pending further regulatory approval.
