Dubai’s Emirates NBD Unlocks Crypto Trading for Liv Users

Dubai’s biggest bank, Emirates NBD, has jumped into the satellite of crypto trading, letting customers of its integer bank, Liv, buy, sell, and swap cryptocurrencies close done the Liv X app. They’ve teamed up with Aquanow, a legit integer assets institution approved by Dubai’s Virtual Assets Regulatory Authority (VARA), to marque it happen.

The UAE is all-in connected crypto, starring the battalion globally, and Emirates NBD isn’t astir to miss out. “With the highest crypto adoption complaint successful the UAE, we are keen to motorboat our ain virtual plus offering to capitalize connected this trend,” said Marwan Hadi, the bank’s Group Head of Retail Banking & Wealth Management.

Banks everyplace are starting to drawback the crypto fever. Italy’s apical bank, Intesa Sanpaolo, conscionable made its archetypal Bitcoin buy, and Switzerland’s PostFinance AG is stepping up its game, adjacent offering Ethereum staking.

Bitcoin’s chaotic ride, hitting a jaw-dropping $109,241 connected January 20, has been fueling this frenzy. But things took a dip precocious aft President Donald Trump stirred the pot, suggesting immoderate lesser-known tokens for a nationalist crypto stash, which spooked the marketplace into a selloff.

Liv’s crypto setup runs connected Aquanow’s tech for seamless trades, portion Zodia Custody, tied to Standard Chartered, keeps the integer goodies locked up tight.

As of 10:32 a.m. London clip connected Thursday, Bitcoin was sitting astatine $91,520—proof the market’s inactive a rollercoaster.

Dubai’s crypto country is heating up fast, but the government’s besides cracking down connected however these integer assets get hyped up, making definite investors don’t get burned.

With big-name banks similar this diving into crypto, it feels similar the commencement of thing immense for mundane finance. Are much banks astir to articulation the party?

Also Read: US SEC and CFTC Join Forces for Clearer Crypto Regulations