Overview

Click to expand overview
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. 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. 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 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 Pioneers Dirham Trading in UAE: A First for Crypto Exchanges

Kraken is making waves in the United Arab Emirates! The leading cryptocurrency exchange is the first to offer direct Dirham (AED) trading, marking a significant milestone for crypto adoption in the region. With the new operational license in Abu Dhabi, Kraken aims to provide access to global liquidity to local investors via dirham trading pairs.

Kraken Leads the Way in UAE Crypto Trading

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. This simplifies the process for UAE residents looking to invest in digital assets, eliminating the need for conversions and reducing associated fees.

RAKBank Partnership Streamlines Crypto Trading for UAE Residents

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. This collaboration provides a seamless and secure way for residents to fund their Kraken accounts and participate in the burgeoning crypto market.

Invest, Trade, Withdraw, and Deposit Directly in Dirhams with Kraken

Kraken 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 currency. This move is expected to attract a wider range of investors to the platform and further solidify Kraken's position as a leader in the global crypto landscape.

Kraken: The First to Offer Direct Dirham Funding

According to CNBC, Kraken is also the first of its kind to be able to offer direct trading and funding in Dirhams against cryptocurrencies. This groundbreaking initiative demonstrates Kraken's commitment to innovation and its focus on providing a user-friendly experience for its customers in the UAE. Curtis Ting, Kraken’s representative, has emphasized the importance of this development for the region's growing crypto ecosystem.

With direct Dirham trading and a strong partnership with RAKBank, Kraken is poised to become the go-to platform for crypto investors in the UAE. This initiative marks a pivotal moment in the UAE's journey toward becoming a global hub for digital assets.

Top Sources

Related Articles