Crypto Trading Just Got Real: UAE Bank Makes History

Crypto trading has taken a major stride in the UAE as RAKBANK (National Bank of Ras Al Khaimah) has become the first traditional UAE bank to offer crypto trading services to retail clients. This powerful move brings virtual assets into mainstream banking, allowing everyday customers to buy and sell cryptocurrencies through their existing RAKBANK mobile app for the first time in UAE conventional banking.  A Breakthrough in Banking RAKBANK announced it will launch a crypto brokerage service via its mobile banking app for retail customers, positioning itself as the first conventional UAE bank to enable such services. Previously, UAE residents had to rely on third-party exchanges or overseas platforms to fund crypto trades, often incurring high foreign exchange fees, longer processing times, and exposure to foreign jurisdictions. By partnering with licensed crypto platforms, RAKBANK enables seamless crypto trading within the UAE’s regulated financial system. Initially, the bank had worked