Home Kraken Secures Dubai VARA License As IPO Ambitions Grow

Kraken Secures Dubai VARA License As IPO Ambitions Grow

Share
Kraken Secures Dubai VARA License As IPO Ambitions Grow
News
Share

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.

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

Share
Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

Leave a comment

Leave a Reply

Latest News

Kraken Secures Dubai VARA License As IPO Ambitions Grow
News

Kraken Secures Dubai VARA License As IPO Ambitions Grow

Kraken has been approved by Dubai’s Virtual Asset Regulatory Authority (VARA), which lets the exchange offer regulated crypto services in the United...

Blockchain.com Confidentially Files For US IPO With SEC Amid Crypto Recovery
News

Blockchain.com Confidentially Files For US IPO With SEC Amid Crypto Recovery

Crypto exchange Blockchain.com has quietly filed for an initial public offering (IPO) with the US Securities and Exchange Commission. This move shows...

Trump Media Reportedly Moves More Bitcoin To Exchanges Amid Market Pressure
News

Trump Media Reportedly Moves More Bitcoin To Exchanges Amid Market Pressure

Trump Media & Technology Group, which owns Truth Social, is back in the crypto spotlight after new data showed another big Bitcoin...

Bipartisan US Bill Pushes For Strategic Bitcoin Reserve
News

Bipartisan US Bill Pushes For Strategic Bitcoin Reserve

A new bipartisan crypto bill in the US is bringing back the debate about creating a national Bitcoin reserve. Congressman Nick Begich...

Latest Blogs

How To Spot The Next Big Memecoin

Inspired by online jokes and viral trends, memecoins are the not-so-serious and rather amusing part of digital coins that thrive on community...

AI & Web3: New Age Careers With High Income Potential?

The smartest move going forward right now is to build a career in next generation internet, AI and Web3. The good news...

Art Of Becoming A Memecoin Master & Staying Ahead

Within the cryptocurrency market, memecoins are a more lighthearted and entertaining segment. They are created from online comedy, viral trends, and jokes....

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization increases accessibility, quickness and transparency, pushing markets to expand rapidly,...

Related Articles

How To Spot The Next Big Memecoin

Inspired by online jokes and viral trends, memecoins are the not-so-serious and...

AI & Web3: New Age Careers With High Income Potential?

The smartest move going forward right now is to build a career...

Art Of Becoming A Memecoin Master & Staying Ahead

Within the cryptocurrency market, memecoins are a more lighthearted and entertaining segment....

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization...