{"id":239179,"date":"2026-10-13T22:52:10","date_gmt":"2026-10-13T22:52:10","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=239179"},"modified":"2026-10-13T22:52:10","modified_gmt":"2026-10-13T22:52:10","slug":"kraken-parent-payward-wins-full-dubai-license-plans-uae-launch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=239179","title":{"rendered":"Kraken Parent Payward Wins Full Dubai License, Plans UAE Launch"},"content":{"rendered":"<p><a href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a><\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/news\/kraken-parent-payward-wins-full-dubai-license-plans-uae-launch\">Kraken Parent Payward Wins Full Dubai License, Plans UAE Launch<\/a><\/p>\n<div><\/div>\n<p class=\"wp-block-paragraph\">Crypto exchange Kraken\u2019s parent company Payward has said it has plans to launch in the United Arab Emirates.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">After receiving full market approval from Dubai\u2019s Virtual Asset Regulatory Authority, Payward <a href=\"https:\/\/www.businesswire.com\/news\/home\/20261012881259\/en\/Kraken-Plans-UAE-Launch-Following-Full-Market-Approval-from-VARA-in-Dubai\" target=\"_blank\" rel=\"noopener\">said<\/a> Tuesday that Payward can now operate as a regulated virtual asset service provider serving retail, professional and institutional investors.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">It follows a preliminary approval in May that allowed the company to complete its operational set-up ahead of onboarding clients.<\/p>\n<div class=\"wp-block-embed__wrapper\">\n<p>JUST IN:  Kraken has been approved to launch Bitcoin and crypto asset trading in the UAE  <a href=\"https:\/\/t.co\/H7gJNwK3KS\">pic.twitter.com\/H7gJNwK3KS<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/x.com\/BitcoinMagazine\/status\/2110006855120363907?ref_src=twsrc%5Etfw\">October 13, 2026<\/a>\n<\/p><\/div>\n<p class=\"wp-block-paragraph\">At launch, Kraken clients in the UAE will be able to trade spot and margin with dirham-denominated pairs and fund and withdraw directly in dirhams.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">They\u2019ll also have access to on-chain staking, xStocks tokenized equities and Krak for crypto transfers, while institutional clients gain OTC spot trading and Kraken Prime. Crypto derivatives and new yield products are expected later in 2026 and into 2027, subject to regulatory approval.<\/p>\n<p class=\"wp-block-paragraph\">Payward holds more than 100 licenses and registrations worldwide, spanning Europe, the Americas, Asia-Pacific and the Middle East.<\/p>\n<p class=\"wp-block-paragraph\">The expansion comes as the company increasingly makes a number of deals. In September, Bloomberg <a href=\"https:\/\/bitcoinmagazine.com\/news\/nasdaq-invests-in-kraken\">reported<\/a> that Nasdaq Inc. was investing $100 million in Payward in a deal valuing the company at $21 billion. Kraken will distribute Nasdaq\u2019s tokenized stocks on its own platform, according to the report.<\/p>\n<p class=\"wp-block-paragraph\">Payward and SoFi Technologies also recently <a href=\"https:\/\/bitcoinmagazine.com\/news\/kraken-sofi-partnership\">announced<\/a> a deal to route SoFi customers\u2019 crypto orders through Kraken Prime, Kraken\u2019s prime brokerage arm launched in 2025, and to list SoFi\u2019s stablecoin on the exchange.<\/p>\n<p class=\"wp-block-paragraph\">Kraken, like other crypto exchanges, is pushing into the traditional finance world, allowing users to trade stocks, bonds and other assets. The company has sold its app as a \u201cprimary account for everything.\u201d<\/p>\n<p>This post <a href=\"https:\/\/bitcoinmagazine.com\/news\/kraken-parent-payward-wins-full-dubai-license-plans-uae-launch\">Kraken Parent Payward Wins Full Dubai License, Plans UAE Launch<\/a> first appeared on <a href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a> and is written by <a href=\"https:\/\/bitcoinmagazine.com\/authors\/mathewdisalvo\">Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin Magazine Kraken Parent Payward Wins Full Dubai License, Plans UAE Launch Crypto exchange Kraken\u2019s parent company Payward has said it has plans to launch in the United Arab Emirates.\u00a0 After receiving full market approval from Dubai\u2019s Virtual Asset Regulatory Authority, Payward said Tuesday that Payward can now operate as a regulated virtual asset service [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":239180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-239179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/239179"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=239179"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/239179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/239180"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=239179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=239179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=239179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}