Kraken awarded crypto trading license in the United Arab Emirates

Kraken gets a regulatory license to operate in the UAE

UAE residents can soon trade in cryptos, virtual assets in dirhams

Dubai

Dubai: One of UAE’s leading financial institutions, RAKBank has aligned with Kraken to allow residents trade in virtual assets through their local bank accounts and in dirhams.

Crypto Exchange Kraken Gets Regulatory Approval To Operate In

It will be the first global virtual assets exchange group in the UAE to offer investors the ability to invest, trade, withdraw and deposit virtual assets directly in the local

With the new operational license

With the new operational license in Abu Dhabi, Kraken aims to provide access to global liquidity to local investors via dirham trading pairs.

Following this licensing, Kraken will be the first cryptocurrency exchange in the UAE to offer direct trading of dirhams against Bitcoin, Ether and other cryptocurrencies.

RAKBANK, Kraken offer UAE's first dirham

According to CNBC

Kraken is the latest to veer into UAE; first to offer

Revealed: UAE welcomes first global crypto exchange

According to CNBC, Kraken is also the first of its kind to be able to offer direct trading and funding in Dirhams against cryptocurrencies. Curtis Ting, Kraken’s

Kraken becomes first crypto exchange to get full financial license