UAE’s Rakbank Launches AED-Based Crypto Trading Service, Crypto Adoption on the Rise!

Updated

July 30, 2025

Gambar UAE’s Rakbank Launches AED-Based Crypto Trading Service, Crypto Adoption on the Rise!

Jakarta, Pintu News – Rakbank, also known as National Bank of Ras Al Khaimah, has taken a major step in the banking industry in the United Arab Emirates by becoming the first conventional bank to offer crypto trading services to retail customers.

The move marks a significant change in the region’s banking sector, demonstrating the increasing integration of cryptocurrencies into traditional finance. Through Rakbank’s mobile banking app, customers can now perform crypto transactions such as buying, selling and exchanging cryptocurrencies directly from their UAE dirham accounts.

Easy Access to Crypto Assets

In a well-structured partnership, Rakbank is working with Bitpanda, a global digital asset platform regulated by the Dubai Virtual Assets Regulatory Authority (VARA). Through Bitpanda’s regional entity, Bitpanda Broker MENA DMCC, Rakbank has integrated crypto trading capabilities into its existing digital banking framework. This cooperation ensures transactions are carried out efficiently in AED, removing common barriers such as foreign exchange fees and complicated transfer procedures.

With Rakbank’s newly launched crypto brokerage service, customers can avoid many of the pitfalls typically associated with crypto exchanges. Users conduct transactions directly through their Rakbank savings or current accounts, eliminating the lengthy onboarding and fund transfer processes typical of standalone crypto trading platforms.

Also Read: 5 Hot Altcoins of 2025: Crypto that Analysts Predict to Soar 100x in Altseason 2025!

Regulatory Milestone for UAE Banking

The collaboration between Rakbank and Bitpanda marks an important moment for regulatory progress in the adoption of digital assets in the UAE banking industry. Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, emphasized the importance of this partnership, describing it as a critical step towards establishing crypto services in a regulated, simple, and trustworthy manner.

Initially, access to Rakbank’s crypto services is being offered exclusively by invitation, with plans for a phased rollout to a wider customer base in the coming months.

Cover: The Future of Banking and Crypto in the UAE

Rakbank’s initiative in providing crypto trading services demonstrates its foresight in adopting new technologies and meeting changing customer needs. As a pioneer in the integration of crypto services with traditional banking, Rakbank sets a new standard in banking innovation in the UAE. This move not only strengthens Rakbank’s position as a leader in financial innovation, but also demonstrates the growth potential of the region’s digital economy.

Also Read: 5 Viral New Crypto to Watch in 2025: Which is the Most Potential Cryptocurrency?

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.