Kraken Wins Major License in Dubai, Binance and OKX to Face New Competition

May 21, 2026 - 18:45
Kraken Wins Major License in Dubai, Binance and OKX to Face New Competition
Kraken received preliminary approval from Dubai’s Virtual Assets Regulatory Authority on Thursday. The clearance opens regulated UAE operations and pits the US-based exchange against Binance, OKX, and Crypto.com for institutional flows. The local entity will offer spot, margin, OTC trading, staking, and Kraken Prime access for institutional clients. New Competition For UAE Institutional Flows VARA...

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