Update
Kraken Expands to UAE
Kraken, a cryptocurrency exchange platform, has received full market approval from Dubai's VARA (Virtual Assets Regulatory Authority) to launch its crypto services in the UAE. This expansion allows Kraken to serve various investor types in the UAE. Initial offerings will include spot and margin trading in UAE dirhams, on-chain staking, and services for institutional clients. The approval follows significant investments and partnerships for Kraken, including a $200 million investment from Deutsche Börse and a $100 million investment from Nasdaq. This move marks Kraken's entry into the UAE market after successfully navigating Dubai's regulatory hurdles.