Emirates NBD, one of Dubai's largest banks, has officially introduced cryptocurrency trading services through its digital banking platform, Liv. This groundbreaking move allows users to buy, sell, and trade cryptocurrencies directly via the LivX mobile app.
Key Features of the Service
- Technology Provider: Powered by Aquanow, a Dubai-based digital asset company licensed by the Dubai Virtual Assets Regulatory Authority (VARA).
- Custody Solutions: Secured by Zodia Custody, a subsidiary of Standard Chartered Bank, ensuring institutional-grade security for digital assets.
Why This Matters
The launch underscores the growing interest of traditional financial institutions in digital assets, mirroring global trends such as:
- PostFinance AG (Switzerland) offering Ethereum staking.
- Intesa Sanpaolo (Italy) executing its first Bitcoin spot trade.
Core Keywords
- Emirates NBD
- Cryptocurrency Trading
- Dubai Virtual Assets Regulatory Authority (VARA)
- Aquanow
- Zodia Custody
- LivX App
FAQs
1. How do I access Emirates NBD’s crypto services?
Through the LivX app, available to existing Liv digital banking users.
2. Is cryptocurrency trading regulated in Dubai?
Yes, under VARA, ensuring compliance with local laws.
3. Which cryptocurrencies are supported?
Details are yet to be disclosed, but expect major tokens like Bitcoin (BTC) and Ethereum (ETH).
4. What safeguards are in place for user funds?
👉 Learn more about Zodia Custody’s institutional security protocols.
The Bigger Picture
This initiative positions Dubai as a leader in bank-integrated crypto services, bridging the gap between traditional finance and blockchain innovation.
👉 Explore how Emirates NBD compares to other global crypto-friendly banks.