TREE NEWS update: Payward, the parent company of crypto exchange Kraken, has received final regulatory approval in Dubai, clearing the way for the launch of its UAE operations in the coming weeks. Kraken plans to offer AED-denominated spot and margin trading, staking, xStocks and Krak transfer services, plus institutional OTC spot trading and Kraken Prime. Its crypto derivatives business still requires further regulatory approval.
Kraken Parent Payward Wins Final Dubai Approval for UAE Launch
AI take
Dubai's final approval gives Kraken a fully licensed onshore base in a jurisdiction increasingly used as a regional hub, and the AED-denominated order books signal a push for local-currency depth rather than dollar-only access. The product set — spot, margin, staking, tokenized products and institutional OTC — suggests the UAE build is aimed at both retail and professional flow from day one. The derivatives gap is the tell: the licence covers cash and tokenized exposure but not leveraged crypto trading, so the near-term story is onboarding and liquidity, not the full institutional suite.
Generated by AI for reference only.
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