RAKBANK Becomes UAE’s First Traditional Bank to Offer Crypto Trading
The post RAKBANK Becomes UAE’s First Traditional Bank to Offer Crypto Trading appeared on BitcoinEthereumNews.com. Fintech In a regional first, RAKBANK has flipped the script on traditional finance by enabling crypto trading directly through its mobile app—no third-party platforms, no currency conversion, and no overseas exchanges. This new feature allows users to access digital assets like Bitcoin and Ethereum straight from their AED accounts, effectively transforming RAKBANK into a one-stop crypto platform. The move simplifies what was once a fragmented process that pushed UAE users toward international exchanges and extra fees. The service is powered by Bitpanda, a Europe-based firm with regulatory clearance from Dubai’s Virtual Assets Regulatory Authority (VARA). Bitpanda’s strong compliance background—bolstered by its work with institutions like Deutsche Bank—adds a layer of credibility to this local launch. According to RAKBANK’s CEO, the goal was to deliver a seamless, regulation-first crypto experience tailored to everyday users in the UAE. The platform is currently available on an invite-only basis, with full access expected soon and more tokens to be added over time. RAKBANK’s entry into the space aligns with the UAE’s broader push to become a digital asset powerhouse. With hundreds of crypto companies already operating in Dubai and continued support for blockchain innovation, this bold move by a mainstream bank could set the tone for the region’s next financial chapter. Author Alexander Stefanov Reporter at Coindoo Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics. Related stories …
The post RAKBANK Becomes UAE’s First Traditional Bank to Offer Crypto Trading appeared on BitcoinEthereumNews.com.
Fintech In a regional first, RAKBANK has flipped the script on traditional finance by enabling crypto trading directly through its mobile app—no third-party platforms, no currency conversion, and no overseas exchanges. This new feature allows users to access digital assets like Bitcoin and Ethereum straight from their AED accounts, effectively transforming RAKBANK into a one-stop crypto platform. The move simplifies what was once a fragmented process that pushed UAE users toward international exchanges and extra fees. The service is powered by Bitpanda, a Europe-based firm with regulatory clearance from Dubai’s Virtual Assets Regulatory Authority (VARA). Bitpanda’s strong compliance background—bolstered by its work with institutions like Deutsche Bank—adds a layer of credibility to this local launch. According to RAKBANK’s CEO, the goal was to deliver a seamless, regulation-first crypto experience tailored to everyday users in the UAE. The platform is currently available on an invite-only basis, with full access expected soon and more tokens to be added over time. RAKBANK’s entry into the space aligns with the UAE’s broader push to become a digital asset powerhouse. With hundreds of crypto companies already operating in Dubai and continued support for blockchain innovation, this bold move by a mainstream bank could set the tone for the region’s next financial chapter. Author Alexander Stefanov Reporter at Coindoo Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics. Related stories …
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