Kraken, one of the world's leading cryptocurrency exchanges, has made significant strides in its expansion plans with the receipt of preliminary regulatory authorization from Dubai's Virtual Asset Regulatory Authority (VARA).
This development enables Kraken to offer a comprehensive suite of digital asset services to customers in the UAE, including spot trading, margin facilities, staking opportunities, and secure asset transfers.
The VARA-licensed Dubai subsidiary will facilitate local dirham funding options and withdrawal capabilities, providing seamless fiat integration and connectivity to Kraken's worldwide order books.