RAKBANK becomes the first conventional bank in the UAE to offer crypto trading, enabling seamless transactions directly in UAE Dirhams through its mobile app.
RAKBANK has launched a crypto brokerage service in partnership with Bitpanda, allowing customers to trade cryptocurrencies directly from their UAE dirham accounts via the bank’s mobile app. This service, currently invitation-only, aims to provide a regulated and efficient trading experience without the need for external exchanges or currency conversions. CEO Raheel Ahmed highlighted the significance of this development in the UAE's digital finance landscape.