Overview

• Invitation-only in-app crypto trading went live on July 29, allowing invited customers to buy, sell and swap a range of digital assets using dirhams.
• All transactions settle directly from users’ RAKBANK savings or current accounts, removing foreign exchange fees and external transfers.
• Trade execution is handled by Bitpanda Broker MENA DMCC under Dubai’s VARA framework and built on Bitpanda’s EU-regulated infrastructure.
• RAKBANK plans to extend the service to its entire retail customer base in the coming months.
• The launch advances the UAE’s ambition to integrate digital assets into mainstream banking and strengthen its position as a global crypto hub.