Kraken Secures Full VARA Approval in Dubai, Targets Dirham Trading Launch
Kraken secures full VARA approval in Dubai, launching dirham-trading services soon while delaying derivatives until further regulatory clearance.
Kraken
Profile statusProfile ActiveFounded2011
Our Take
Kraken is a centralized cryptocurrency exchange offering spot, futures, margin and OTC trading services for global markets.
Kraken reviews
Published user experiences with Kraken.
- User Rating
- 2.7 / 5
- Total Reviews
- 3
5 star33%
4 star0%
3 star0%
2 star33%
1 star33%
04 / NEWS
Latest Kraken News
Recent reporting and developments from the 3CBlock newsroom.
Kraken Parent Payward Secures Full VARA Approval in Dubai for Crypto Exchange
Kraken parent Payward secures full VARA approval in Dubai, enabling AED-denominated spot and margin trading for retail and institutional investors starting soon.
Kraken Parent Payward Secures Full VARA Approval for UAE Crypto Launch
Kraken’s parent Payward secured full VARA approval in Dubai, enabling regulated AED-denominated trading, staking, and institutional services across the UAE within weeks.
Kraken Secures Full VARA License in Dubai, Launching AED Trading for Retail Investors
Kraken's parent Payward secured full VARA approval in Dubai, enabling AED-denominated trading and retail access via global liquidity routing, following preliminary licensing in May.
Kraken Secures Full VARA License in Dubai to Resume UAE Crypto Services
Payward obtained a full VARA license, enabling Kraken to resume UAE operations with AED-denominated trading, staking, and institutional services following its 2022 withdrawal.
Kraken Parent Payward Secures Full VARA Approval for Dubai Crypto Services
Kraken's parent Payward secured full VARA approval for Dubai operations, enabling AED spot and margin trading with direct deposits, targeting a launch in coming weeks.
Published 3CBlock coverage manually linked to this exchange.
About Kraken
Founded in 2011, Kraken operates spot, margin, derivatives, staking and institutional services through a group of jurisdiction-specific legal entities.
Its regulated footprint includes permissions in the European Economic Area, the United Kingdom, North America and other supported markets.
Product access and customer protections vary by residence, contracting entity and service.
Assessment Overview
8.8/10
Security & Risk
Security incidents, account protection, asset custody and withdrawal controls.
8.7/10
Transparency
Proof of reserves, asset disclosure, corporate and ownership transparency.
7services
Products & Services
Documented offerings include Spot, Futures (limited), Margin, Earn, Fiat, OTC, Institutional.
03 / MARKET DATA
Exchange Trade Volume
24-hour distribution by market pair and quote currency.Volume by Market Pair
- BTC/USD13.4%
- USDT/USD12.2%
- USDC/EUR11.8%
- USDC/USD8.0%
- USDT/EUR5.8%
- Other48.8%
Volume by Currency
- USD63.8%
- EUR27.6%
- USDT3.0%
- USDC2.1%
- GBP1.9%
- Other1.6%
24h ticker volume · CoinGecko · 1,431 markets · collected 5 Oct 2026
Exchange Trade Volume
High $1.3BLow $493.7M
Kraken reviews
Published user experiences with Kraken.
Alex C.
1.0 / 5
Withdrawal completed, but the processing time was unclear
My withdrawal from Crypto.com was completed successfully. The security confirmation was reasonable, and I could review the destination details before submitting the request. However, processing took longer than I expected. It would have been helpful to see an estimated completion window so I knew when to expect the funds.
Eric P.
5.0 / 5
Withdrawal completed safely, but timing could be clearer
My withdrawal from Kraken was completed successfully. The security confirmation steps were reasonable, and I appreciated being able to review the destination details before submitting the request. However, processing took longer than I expected. A clearer estimated completion window would have made it easier to know when the withdrawal might be finalized.
Rachel K.
2.0 / 5
I had to wait for an additional review before it was released
The withdrawal worked, but I had to wait for an additional review before it was released. I understand the security reason, yet Kraken could communicate more clearly about what users should expect when a withdrawal requires extra checks.