RAKBANK Launches Direct Crypto Trading via its Banking App

RAKBANK, a traditional bank based in the United Arab Emirates, has launched a crypto trading service for retail clients through its mobile app.
The service is implemented in partnership with BitPanda, a UAE-regulated crypto exchange, and allows users to buy, sell, and swap cryptocurrencies directly from their current or savings accounts.

Initially, the feature will be available by invitation only and gradually rolled out to a wider audience. All transactions will be conducted in AED (dirhams), eliminating currency conversion fees and foreign exchange risks.

The platform is operated by BitPanda, while RAKBANK provides access through its mobile banking infrastructure. According to official statements, this is the first traditional bank in the UAE to offer direct, regulated access to digital assets.