RAKBANK becomes the first UAE bank to offer crypto trading for retail

RAKBANK becomes the first UAE bank to offer crypto trading for retail

RAKBANK, a UAE government-owned bank, is the first conventional bank in the country to offer retail crypto trading via its mobile app, powered by Bitpanda’s VARA-regulated platform. Customers can trade cryptocurrencies directly in AED, without external exchanges or forex fees. The service is invitation-only, with a broader rollout planned, aligning with UAE’s push to lead in digital finance.