RAKBANK Becomes First UAE Bank to Launch Retail Crypto Trading: Details
The post RAKBANK Becomes First UAE Bank to Launch Retail Crypto Trading: Details appeared on BitcoinEthereumNews.com. The post RAKBANK Becomes First UAE Bank to Launch Retail Crypto Trading: Details appeared first on Coinpedia Fintech News This is a bold move and one to watch! RAKBANK has become the first traditional bank in the country to offer crypto trading through its mobile banking app. The new service lets customers buy, sell, and swap cryptocurrencies directly in AED with no need to convert to foreign currencies or use third-party exchanges. It’s powered by Bitpanda, a Europe-based crypto platform regulated in Dubai under VARA. Your Bank is Now Your Crypto Exchange Until now, most UAE users had to move funds to global platforms like Binance or Coinbase to trade. That process usually involved converting from dirhams to dollars, paying extra fees, and dealing with platforms outside the country’s regulatory scope. With RAKBANK’s new feature, that entire process is cut out. Users can now access crypto markets directly from their savings or current accounts, with trades executed and settled in dirhams. “We believe [customers] deserve a more efficient and seamless crypto buying, selling and swapping journey that is fully regulated and entirely in AED,” said Raheel Ahmed, RAKBANK Group CEO Bitpanda Adds Credibility and Compliance The service is being rolled out in partnership with Bitpanda Broker MENA DMCC, a VARA-regulated entity in Dubai. Bitpanda already works with major European institutions like Deutsche Bank and Raiffeisen Bank and is regulated in Austria and Germany. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Hong Kong Finalizes Stablecoin Rules Effective Aug. 1, Warns Against Hype as Licensing Delayed to 2026 , Calling the…
The post RAKBANK Becomes First UAE Bank to Launch Retail Crypto Trading: Details appeared on BitcoinEthereumNews.com.
The post RAKBANK Becomes First UAE Bank to Launch Retail Crypto Trading: Details appeared first on Coinpedia Fintech News This is a bold move and one to watch! RAKBANK has become the first traditional bank in the country to offer crypto trading through its mobile banking app. The new service lets customers buy, sell, and swap cryptocurrencies directly in AED with no need to convert to foreign currencies or use third-party exchanges. It’s powered by Bitpanda, a Europe-based crypto platform regulated in Dubai under VARA. Your Bank is Now Your Crypto Exchange Until now, most UAE users had to move funds to global platforms like Binance or Coinbase to trade. That process usually involved converting from dirhams to dollars, paying extra fees, and dealing with platforms outside the country’s regulatory scope. With RAKBANK’s new feature, that entire process is cut out. Users can now access crypto markets directly from their savings or current accounts, with trades executed and settled in dirhams. “We believe [customers] deserve a more efficient and seamless crypto buying, selling and swapping journey that is fully regulated and entirely in AED,” said Raheel Ahmed, RAKBANK Group CEO Bitpanda Adds Credibility and Compliance The service is being rolled out in partnership with Bitpanda Broker MENA DMCC, a VARA-regulated entity in Dubai. Bitpanda already works with major European institutions like Deutsche Bank and Raiffeisen Bank and is regulated in Austria and Germany. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Hong Kong Finalizes Stablecoin Rules Effective Aug. 1, Warns Against Hype as Licensing Delayed to 2026 , Calling the…
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