• Exciting news for crypto enthusiasts in Dubai! Emirates NBD has officially launched crypto trading services.
• To make this happen, the bank has teamed up with Aquanow, giving users access to crypto trading via their Liv platform.
• And it’s no surprise this is happening in Dubai, a city known for actively embracing and promoting crypto!

Dubai’s own Emirates NBD, a major government-backed bank, is diving deeper into the world of digital currencies! They’ve just turned on crypto trading services through their innovative Liv platform. Reports are buzzing that Liv has kicked things off, now allowing customers to easily buy and sell digital currencies through their fresh Liv X app.

Emirates NBD’s move really puts a spotlight on Dubai’s ambition to become the crypto hub of the region! Dubai has been at the forefront, creating clear and welcoming regulations that make it easy for crypto companies to get licensed and set up shop here.

Dubai’s Crypto-Friendly Regulations Attract Major Players

Dubai’s friendly approach has already attracted some of the biggest names in crypto, with exchanges like Binance, Crypto.com, and OKX all securing licenses to operate here. For this new venture, Emirates NBD is partnering with Aquanow, a digital asset platform fully licensed by Dubai’s Virtual Assets Regulatory Authority (VARA). They’ll be leveraging Aquanow’s robust infrastructure and using Zodia, backed by Standard Chartered, for secure custody of assets.

Phil Sham, CEO of Aquanow, is clearly excited, calling this development a ‘defining moment’ for digital assets in the UAE and even beyond. Sham sees Emirates NBD’s leap into crypto as a major sign that mainstream adoption is truly taking off.

Traditional Banking Meets Digital Assets in Dubai

Sham also pointed out that this collaboration perfectly shows how traditional banking and digital assets can work hand-in-hand. He explained that this partnership aims to give customers smooth, secure, and fully compliant access to the exciting world of the digital economy.

Marwan Hadi, head of retail banking at Emirates NBD, emphasized their commitment to innovation, especially as crypto becomes more and more popular in the UAE. Starting March 5th, Emirates NBD customers can jump into trading five major crypto assets on the platform: Bitcoin, ETH, XRP, SOL, and ADA.