-
Rakbank becomes the first UAE bank to offer crypto trading for retail
The National Bank of Ras Al Khaimah (Rakbank), a government-owned bank in the United Arab Emirates (UAE), is the first conventional bank in the country to offer retail crypto trading. In a Tuesday news release, the bank announced the launch of a crypto brokerage service through its mobile banking app, allowing customers to buy, sell and swap cryptocurrencies directly from their UAE dirham accounts. “We recognize the opportunity this solution will provide to customers in the UAE, as we believe they deserve a more efficient and seamless crypto buying, selling and swapping journey that is fully regulated and entirely ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From rnz.co.nz | Jul 29, 2025
Online investment platform Sharesies is expanding into cryptocurrency trading. Co-chief executive Leighton Roberts said it was responding to customer demand. "More and more people either own crypto or are interested in doing so. As the asset class has matured, we've seen it become more prominent in both institutional and personal investment portfolios. "At ...
From financefeeds.com | Jul 28, 2025
Interactive Brokers is exploring the launch of its own stablecoin, joining a growing list of major financial firms moving deeper into crypto as U.S. regulators take a lighter hand with the industry. In an interview with Reuters, founder Thomas Peterffy said the company hasn’t made a final call but is considering ways to offer stablecoins to customers. The ...
From thestreet.com | Jul 29, 2025
The U.S. Securities and Exchange Commission (SEC) has officially approved in-kind creation and redemption processes for all spot Bitcoin and Ethereum exchange-traded funds (ETFs). The move, announced on July 29, allows authorized participants — typically large financial institutions — to directly exchange ETF shares for BTC or ETH, rather than having to ...
