UAE / Firms / KuCoin

KuCoin

KuCoin (Phoenixfin Pte Ltd; MEK Global Limited; Peken Global Limited; Kucoin Exchange EU Gmbh) holds no VARA licence (register read 22 Oct 2026). Latest VARA notice: 24 Jun 2026.

Status

VARA enforcement or alert · checked 22 Oct 2026
Status: Dubai VARA only (excluding the DIFC). ADGM FSRA permissions are shown as facts and on the ADGM page; SCA and DFSA licences are not covered.

VARA public register

No company of this name holds an active VARA licence (register read 22 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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