RAKBANK Partners With Bitpanda to Offer First In-App Crypto Trading in UAE

• RAKBANK has launched the UAE’s first crypto brokerage service by a conventional bank.
• Bitpanda powers the service, allowing users to buy, sell, and swap crypto in AED.
• All transactions are fully regulated through Bitpanda’s VARA-licensed entity.

RAKBANK has officially become the first conventional bank in the UAE to offer crypto brokerage services directly through its mobile banking app. This development marks a notable step forward in bridging traditional banking with the rapidly evolving world of digital assets.

Bank App Crypto Trading Powered by Bitpanda

The new service is the result of a strategic partnership between RAKBANK and Bitpanda, one of Europe’s most trusted digital asset infrastructure providers. Bitpanda’s platform has been integrated into RAKBANK’s mobile app, enabling customers to buy, sell, and swap cryptocurrencies with ease.

All transactions are conducted in UAE Dirhams (AED), eliminating the need for foreign exchange conversions and associated fees. The crypto trading journey is streamlined. Users can execute transactions directly from their existing RAKBANK current or savings accounts, without having to transfer funds to ex…

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