UAE / Firms / KuCoin

KuCoin

KuCoin (Phoenixfin Pte Ltd; MEK Global Limited; Peken Global Limited; Kucoin Exchange EU Gmbh) holds no VARA licence (register read 21 Oct 2026). Latest VARA notice: 24 Jun 2026.

Status

VARA enforcement or alert · checked 21 Oct 2026
Dubai VARA only (excluding the DIFC). Licences from the SCA, ADGM's FSRA or the DIFC's DFSA are not covered.

VARA public register

No company of this name holds an active VARA licence (register read 21 Oct 2026). VARA register official

VARA notice

5 Mar 2026: VARA investor and marketplace alert: KuCoin “does not hold any licence to provide Virtual Asset services in/from Dubai”; instructed to cease and desist. VARA notice official

VARA notice

24 Jun 2026: VARA notice of fines against Peken Global Limited for providing broker-dealer and/or exchange services to customers in Dubai without a VARA licence; directed to cease and desist. VARA says the firm “has also expressed its intention to enter VARA's licensing process”. VARA notice official

Activity

— · major brand (Main licensed activity (exchange > broker-dealer > custody > other))

Public statement

Not applicable.

History

• 5 Mar 2026VARA investor and marketplace alert: KuCoin “does not hold any licence to provide Virtual Asset services in/from Dubai”; instructed to cease and desist. — vara.ae official
• 24 Jun 2026VARA notice of fines against Peken Global Limited for providing broker-dealer and/or exchange services to customers in Dubai without a VARA licence; directed to cease and desist. VARA says the firm “has also expressed its intention to enter VARA's licensing process”. — vara.ae official

Read More

• 59 Companies Hold a VARA Crypto Licence in Dubai. Who May Serve Retail
• VARA's Enforcement Record: Fines on MEXC, KuCoin and OPNX, and 19 Unlicensed Firms

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