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BTCC / BTCC Square / Global Cryptocurrency /
Rakbank Partners with Bitpanda to Launch Crypto Brokerage Service in UAE

Rakbank Partners with Bitpanda to Launch Crypto Brokerage Service in UAE

Author:
Global Cryptocurrency
Published:
2025-07-29 15:30:02
20
3
BTCCSquare news:

Rakbank has become the first conventional bank in the United Arab Emirates to offer cryptocurrency trading services to retail customers. Through a partnership with Bitpanda, the bank now enables clients to buy, sell, and swap digital assets directly via its mobile app, with all transactions denominated in AED to avoid foreign exchange complications.

The MOVE signals growing institutional acceptance of cryptocurrencies in the Middle East's financial sector. By integrating Bitpanda's trading infrastructure, Rakbank provides a regulated on-ramp for retail investors amid increasing demand for digital asset exposure in the region.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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