Rakbank Launches First UAE Bank Crypto Trading Through Mobile App


The National Bank of Ras Al Khaimah has become the first conventional UAE bank offering retail crypto trading.


Customers can now buy, sell, and swap cryptocurrencies directly from their AED accounts through the mobile app.


The service is powered by Austria-based Bitpanda and regulated by Dubai's Virtual Assets Regulatory Authority.


Users can trade crypto without external exchanges or foreign exchange fees through the integrated platform.


The crypto trading feature is currently invitation-only with a broader rollout planned for coming months.


This launch supports the #UAE's push to establish itself as a primary destination for #blockchain and crypto projects.


Dubai's free zones have already attracted over 600 crypto companies to the region.

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July 30, 2025 at 12:28 AM
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