Kraken is preparing to launch services in the United Arab Emirates after obtaining a full license in Dubai, according to TheDefiant. The planned rollout covers several locally relevant products, including dirham deposits and withdrawals, AED trading pairs, staking, and xStocks. The report also says retail investors will be covered under Payward’s license. The update points to a broader push to localize Kraken’s offering for users in the UAE, with both fiat access and trading infrastructure included in the initial plan. No launch date or additional operational details were disclosed in the source material.
Kraken is planning a launch in the United Arab Emirates after securing a full license in Dubai, according to TheDefiant. The planned rollout includes dirham deposits and withdrawals, AED trading pairs, staking, and xStocks. Retail investors will be covered by Payward’s license.
Planned UAE product lineup
The report says Kraken’s UAE rollout is set to include local fiat on- and off-ramps alongside market access features. Those plans cover dirham deposits and withdrawals, AED-denominated trading pairs, staking, and xStocks.
License coverage
TheDefiant also reported that retail investors will fall under the scope of Payward’s license.
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