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BTCC / BTCC Square / Global Cryptocurrency /
Rakbank Launches AED-Based Crypto Trading for UAE Retail Clients

Rakbank Launches AED-Based Crypto Trading for UAE Retail Clients

Author:
Global Cryptocurrency
Published:
2025-07-30 07:09:01
21
3
BTCCSquare news:

Rakbank, the National Bank of Ras Al Khaimah, has become the first conventional bank in the UAE to offer retail cryptocurrency trading. The service allows customers to buy, sell, and swap digital assets directly from their UAE dirham accounts via the bank’s mobile app.

The bank partnered with Bitpanda, a VARA-regulated platform, to integrate crypto trading into its existing digital infrastructure. This collaboration eliminates foreign exchange fees and simplifies transactions, providing seamless access to digital assets without the complexities of standalone exchanges.

|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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