Kraken’s UAE plans after Payward’s full VARA approval: the launch is targeted for the coming weeks, with AED funding and trading, staking and xStocks.

Kraken’s UAE plans after Payward’s full VARA approval: the launch is targeted for the coming weeks, with AED funding and trading, staking and xStocks.

Planned services

Kraken plans direct dirham deposits and withdrawals, AED spot and margin trading, onchain staking and tokenized stocks through xStocks. Institutional clients are also expected to have OTC spot trading and Kraken Prime, according to Wu Blockchain’s announcement. The Defiant reports that the active VARA license covers retail, qualified and institutional investors, and that the UAE rollout is planned for the coming weeks (The Defiant).

Later products

Crypto derivatives and other products are planned for late 2026 into 2027, subject to further approval, per Wu Blockchain. The sources do not give a specific launch date or identify the additional approvals required.