Binance News: Dubai’s Emirates NBD Launches Crypto Trading on Liv X App, Further Cementing City’s Status as Crypto Hub

Dubai continues to solidify its position as a leading cryptocurrency hub, with major developments taking place in the region. Recently, Emirates NBD, a Dubai government-owned bank, has made a significant move by launching crypto trading through its digital banking subsidiary’s new app, Liv X.

Dubai Government-Owned Bank Emirates NBD Offers Crypto Trading Through Liv X App

Emirates NBD, the Dubai government-owned bank, has started offering crypto trading through its digital banking subsidiary Liv’s new app, Liv X. Dubai has been establishing itself as a crypto hub, with major exchanges such as Binance, Crypto.com, and OKX obtaining approvals. Liv is using infrastructure operated by Aquanow, licensed by Dubai’s Virtual Assets Regulatory Authority (VARA), for its crypto service, while Standard Chartered-backed Zodia provides custody services.

BNB Outshines Altcoins with Robust Ecosystem, Eyes $680 Breakout

Binance Coin (BNB) has demonstrated resilience in the face of broader market volatility. Despite challenges faced by major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), BNB has largely outshone altcoins, fueled by its strong ecosystem and active market participation. With BNB showing signs of strength, traders are watching closely to see if the coin can break through key resistance levels and potentially push towards $680.