What Is RAKBANK’s Role in Crypto Trading?
RAKBANK has officially become the first conventional bank in the UAE to integrate cryptocurrency trading into its mobile banking app, allowing customers to trade BTC, ETH, SOL, and XRP in AED. This eliminates the need for external exchanges and foreign currency conversions, creating a more streamlined trading experience. The partnership with the Austrian crypto exchange Bitpanda offers a secure, regulated environment for trading, aligning with the UAE’s advanced stance on blockchain and digital assets.
How Does RAKBANK’s Initiative Impact Other Banks?
RAKBANK’s pioneering effort is likely to prompt other banks in the Middle East to consider offering crypto services. This is because it provides, in many ways, a model for successfully…
