This is a bold move and one to watch!
RAKBANK has become the first traditional bank in the country to offer crypto trading through its mobile banking app.
The new service lets customers buy, sell, and swap cryptocurrencies directly in AED with no need to convert to foreign currencies or use third-party exchanges. It’s powered by Bitpanda, a Europe-based crypto platform regulated in Dubai under VARA.
Your Bank is Now Your Crypto Exchange
Until now, most UAE users had to move funds to global platforms like Binance or Coinbase to trade. That process usually involved converting from dirhams to dollars, paying extra fees, and dealing with platforms outside the country’s regulatory scope.
With RAKBANK’s new feature, that entire process is cut out….
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