According to CoinMeta, the parent company of Kraken, Payward, has announced that it has received full market approval from the Dubai Virtual Assets Regulatory Authority (VARA), allowing it to serve retail, professional, and institutional investors. Kraken plans to launch in the United Arab Emirates in the coming weeks, supporting spot and margin trading denominated in UAE dirhams (AED), as well as direct top-up and withdrawal in dirhams. In addition, institutional clients will also have access to over-the-counter spot trading and other products such as Kraken Prime derivatives. The launch of crypto derivatives is scheduled for later 2026 to 2027 and still requires regulatory approval. Previously, Payward received preliminary approval from VARA in May of this year.