Kraken gains VARA approval in Dubai for spot, margin, OTC, staking, Prime access, with AED funding planned this year. Kraken has gained authorization from Dubai’s Virtual Assets Regulatory Authority through Payward FZCO, expanding its regulated presence in the UAE. The approval covers spot, margin, OTC, staking, and institutional access through Kraken Prime, while AED funding is expected later this year. Kraken Receives VARA Authorization In Dubai Payward, the parent company of Kraken, announced that its UAE entity received VARA authorization in Dubai. The approval allows Kraken to offer virtual asset services through a locally regulated entity. The authorization covers spot trading, margin trading, OTC services, staking, and institutional access through Kraken Prime. It also supports crypto transfers between users through Krak. The company said UAE clients will gain access to Kraken’s global order books. These markets cover major regions, including Europe, the United States, and Asia-Pacific. Kraken is now authorized by VARA in Dubai. Authorization covers spot, margin, OTC, staking, and institutional access through Kraken Prime.$AED funding follows later this year. Full details: https://t.co/EUChz8IOQo — Kraken (@krakenfx) May 21, 2026 Kraken said local dirham funding and withdrawals will follow later this year. The AED access will give clients a local funding route for crypto market activity. AED Funding And Trading Access Planned Kraken plans to offer UAE clients dirham funding, trading pairs, and direct access to global liquidity. These services will be provided through a regulated Payward subsidiary. The company said this structure will allow secure deposits and withdrawals in AED. It also said the model connects UAE clients to Kraken’s wider trading network. Arjun Sethi, Co-CEO of Payward and Kraken, said Dubai moved early on crypto rules. “Dubai wrote a rulebook for crypto before most jurisdictions even acknowledged the asset class,” he said. Sethi said that regulatory clarity helped bring liquidity and institutional capital to the UAE. He added that VARA approval places Kraken inside a local supervised framework. Read Also: Kraken Rolls Out Spot Margin Trading After Securing Bitnomial Infrastructure Prime Access Targets Institutional Clients Kraken Prime will provide institutional clients in Dubai with access to trading infrastructure and liquidity. The offering is designed for professional users that need larger execution tools. Kraken also plans to introduce its Buy, Trade, and Earn products in the UAE. These products will include spot trading and staking, subject to regulatory approval. The company said it may expand the UAE product range over time. Planned areas include derivatives, lending, and investment products for qualified clients. Sethi said UAE clients will use the same order book and balance sheet as other Kraken markets. He said the local rulebook and supervisor mark the main difference. Payward described the Dubai move as part of its wider global growth strategy. The company aims to build regulated operations in major financial centers. Kraken was founded in 2011 and offers trading across more than 600 digital assets. Its services include Kraken App, Kraken Pro, Krak, Kraken Institutional, and onchain products. The company said retail access will depend on VARA rules and product limits. It also stated that virtual assets carry risk and may lose value. Payward said its UAE entity must follow VARA conditions, capital rules, and client asset arrangements. The company also said services may differ for retail and professional clients. The post Kraken Gains Dubai Approval For Spot Margin OTC Staking And Prime Access appeared first on Live Bitcoin News.

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