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.