Kraken parent company Payward receives initial approval from Dubai's VARA to conduct crypto operations

Odaily Odaily Planet Daily News Kraken parent company Payward announced that it has obtained initial approval for a brokerage, investment, and management license granted by the Dubai Virtual Assets Regulatory Authority (VARA) in the UAE, and will expand its crypto operations in the region. Payward expects to offer spot, margin, and OTC trading, staking services, as well as the Kraken Prime service for institutional clients, through locally regulated entities. It will also support crypto asset transfer functions between users. (Businesswire)