Dubai's largest bank, Emirates NBD, has launched a cryptocurrency trading service
2025-03-07 04:55:33
Emirates NBD, one of Dubai's largest banks, has launched a cryptocurrency trading service through its digital banking platform Liv. Users can now buy, sell and trade cryptocurrencies on the Liv X app. The service is powered by Aquanow, a local digital asset company licensed by the Dubai Virtual Assets Regulatory Authority, while custodial services are handled by Zodia Custody, a Standard Chartered subsidiary.
The move highlights the Financial Institutions Group's growing interest in digital assets, following Switzerland's PostFinance AG's recently announced Ethereum staking service and Italy's Intesa Sanpaolo's completion of the first Bitcoin spot purchase. (Bloomberg)
The move highlights the Financial Institutions Group's growing interest in digital assets, following Switzerland's PostFinance AG's recently announced Ethereum staking service and Italy's Intesa Sanpaolo's completion of the first Bitcoin spot purchase. (Bloomberg)
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