Kraken has been approved by Dubai’s Virtual Asset Regulatory Authority (VARA), which lets the exchange offer regulated crypto services in the United Arab Emirates through a local license.
This approval is another big step for Kraken as it grows internationally and reportedly gets ready for a future US IPO. In Dubai, Kraken plans to offer spot trading, staking, margin trading, OTC services, and institutional products through Kraken Prime.
Kraken executives praised Dubai’s clear rules, calling it one of the most crypto-friendly places in the world. Kraken said users in the UAE will be able to access its global liquidity network in the US, Europe, and Asia-Pacific, and can deposit and withdraw UAE dirhams locally.
Kraken has been focusing more on growing through compliance in major financial centres. Earlier reports said Kraken pushed back its IPO plans to 2027 so it could focus on adding AI and restructuring its operations.
Dubai has become a top global spot for crypto businesses because of its clear rules and active licensing. Many leading exchanges and blockchain companies have moved into the region in the last two years.
Kraken also recently teamed up with Franklin Templeton to work on tokenized securities, showing that its goals go beyond just regular crypto trading.
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
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