Kraken parent company Payward receives final regulatory approval in Dubai and will launch crypto operations in the UAE.

PANews October 12 news, according to The Block, Kraken parent company Payward has obtained final regulatory approval from Dubai, paving the way for the exchange's planned launch of UAE operations in the coming weeks. Kraken plans to offer spot and margin trading denominated in UAE dirham (AED), staking, xStocks and Krak transfer services, as well as institutional-grade over-the-counter (OTC) spot trading and Kraken Prime services. As for the cryptocurrency derivatives business, further regulatory approval is still required.

Kraken parent company Payward receives final regulatory approval in Dubai and will launch crypto operations in the UAE.

Related news

Yi He: Binance community reward campaigns need to wait for regulatory approval before launching; there are currently no cash voucher campaigns.

PA Graphic | A quick look at major Web3 events in November 2026

Glassnode: U.S. spot Ethereum ETFs recorded 23 consecutive trading days of net outflows, the longest net outflow streak on record.

Binance is in talks with Malaysian regulators for a license as it seeks to re-enter the local market.

U.S. spot SOL ETFs recorded a single-day net outflow of $10.742 million.