UAE Bank Launches Crypto Trading Service with Bitpanda
Date: 2025-07-30 Author: Oliver Abernathy Categories: BUSINESS
RAKBANK, one of the banks in the United Arab Emirates, has announced the launch of a new cryptocurrency trading feature in partnership with the European platform Bitpanda. Now users will be able to easily make transactions with digital assets directly from their UAE dirham accounts through the bank's convenient application.
According to the press release, the key advantage of the new service is instant access to cryptocurrency trading without the need to make intermediate transfers to external wallets or exchanges. Integration with Bitpanda ensures compliance with regulatory requirements and guarantees a reliable infrastructure for crypto asset transactions.
Users will be able to trade eight major cryptocurrencies, while fees will be minimal, and currency exchange will not require additional costs. An important detail is Bitpanda’s license issued by the Virtual Assets Regulatory Authority (VARA) of the UAE, which confirms the legality and safety of the services provided.
It is worth noting that interest in cryptocurrencies among investors in the UAE continues to grow. According to a study by eToro conducted at the end of 2024, about 37% of retail investors in the region plan to increase the share of digital assets in their investment portfolios.
Thus, the launch of crypto trading through RAKBANK opens up new opportunities for convenient and safe investing in cryptocurrencies for UAE residents, while contributing to the development of the crypto economy in the region.
