Dubai's Largest Bank Launches Cryptocurrency Trading Service

BlockBeats News, March 7th, one of Dubai's largest banks, Emirates NBD, has launched a cryptocurrency trading service through its digital banking platform Liv. Users can now buy, sell, and trade cryptocurrency on the Liv X app. The service is powered by local digital asset company Aquanow, authorized by the Dubai Virtual Asset Regulatory Authority, with custody services provided by Standard Chartered Bank subsidiary Zodia Custody.

This move highlights financial institutions' growing interest in digital assets, following closely behind Switzerland's PostFinance AG recent announcement of an Ethereum staking service and Italy's Intesa Sanpaolo completing its first Bitcoin spot purchase. (Bloomberg)