Just a month after declaring its integration of crypto trading, the UAE’s RAKBANK has taken a bold move by launching Binance’s BNB token on its platform. BNB is among the first 8 coins available on the RAKBANK app for retail customers. Reportedly, other listed coins on the app include Bitcoin, Ethereum, Solana, and XRP.
In late July 2025, RAKBANK partnered with European fintech company Bitpanda to offer crypto brokerage services, making it the UAE’s first-ever Crypto trading platform enabled by a conventional bank. Bitpanda is a licensed Virtual Asset Service Provider (VASP) regulated by the Virtual Assets Regulatory Authority (VARA) in the United Arab Emirates.
RAKBANK highlights these key benefits
As displayed on its website, RAKBANK’s crypto trading service allows users to
- buy, sell, and swap cryptocurrencies with no currency conversion rates
- Use RAKBANK current or savings account to trade crypto in AED
- Trade directly through the RAKBANK app.
RAKBANK bridges connects conventional and digital banking system
RAKBANK, one of the oldest banks in the country, is closing the divide between conventional and digital banking in the region by injecting crypto services. The recent launch of BNB marks another milestone as the UAE is vying with global players in blockchain innovation.
The progressive and stable regulatory framework for digital assets, VARA, has been playing a beautiful role in fostering trust and confidence enticing global crypto firms like Binance, Crypto.com, Ripple, ByBit, Binance, and more to the UAE’s hub of blockchain revolution.
