RAKBANK To Launch In-App Brokerage To Trade Crypto In AED

RAKBANK, one of the UAE's leading commercial banks, is making a bold leap into the digital asset space with plans to launch an in-app crypto brokerage service. The move signals growing institutional adoption of cryptocurrencies as traditional finance increasingly intersects with the blockchain ecosystem.

The new service, developed in partnership with European investment platform Bitpanda, will allow clients to trade cryptocurrencies directly in AED through the RAKBANK mobile app. This comes at a pivotal moment for crypto markets, with Bitcoin hovering near all-time highs and altcoins showing renewed volatility.

The bank's entry reflects a broader trend of financial institutions responding to investor demand for regulated access to digital assets. As regulatory frameworks mature, such initiatives are strengthening the infrastructure for long-term crypto adoption.