RAKBANK Unveils UAE's First Retail Crypto Trading

RAKBANK has launched the UAE's first retail crypto trading service through its mobile app, partnering with Bitpanda. The service lets customers buy, sell, and swap cryptocurrencies directly from their current or savings accounts in dirhams (AED), eliminating foreign exchange fees and external transfers. Bitpanda, regulated by Dubai's Virtual Assets Regulatory Authority and several European authorities, provides the platform's infrastructure. The offering is currently available by invitation and will expand to more users over time. This initiative aims to streamline digital asset transactions within a regulated banking environment. It represents a major step in blending traditional banking with digital asset services and supports the UAE's ambitions to be a fintech leader.