Within the coronary heart of the monetary revolution sweeping the United Arab Emirates, a brand new improvement emerges: Rakbank has signed an unique partnership with Bitpanda, offering retail purchasers with entry to safe and controlled cryptocurrency buying and selling.
A leap ahead for the native market, more and more centered on innovation and transparency on the planet of digital belongings.
The Rakbank–Bitpanda Expertise: Safety and Simplicity for Crypto Buying and selling
The strategic collaboration permits Rakbank customers to purchase and promote regulated cryptocurrencies straight by way of the financial institution’s official app.
This removes the obstacles usually related to utilizing exterior platforms and protects clients from dangers associated to non-certified operators. The start of a brand new normal in digital monetary intermediation.
Because of the Austrian know-how of Bitpanda and the solidity of Rakbank, the built-in platform provides:
- Cryptocurrency buying and selling with clear prices, among the many best within the native market
- Digital portfolio administration by way of a single banking login
- Assure of compliance with United Arab Emirates laws, safeguarding each transaction
- Safety strengthened by years of banking expertise and licensed digital infrastructures
The United Arab Emirates verify themselves among the many most superior markets on the planet for the regulation of cryptocurrencies.
In keeping with official analyses by the Abu Dhabi International Market (ADGM) and information from Chainalysis, the area has seen double-digit development in crypto investments over the previous twelve months.
Specifically, between July 2023 and June 2024, the Emirates obtained over 30 billion {dollars} in crypto transactions, inserting them among the many prime 40 geographies worldwide by quantity.
The openness to collaborations between native banks and worldwide fintech is an integral a part of the nationwide technique for monetary innovation.
By means of the Rakbank–Bitpanda synergy, clients can carry out crypto operations with out transferring funds to third-party companies. The buying and selling, deposit, and storage capabilities combine straight into each day banking companies, guaranteeing privateness and traceability.
Bitpanda provides its technological infrastructure aligned with the directives of the Central Financial institution of the United Arab Emirates, revamping the idea of economic safety for the retail public.
Direct Buying and selling: Learn how to Handle the Crypto Portfolio from the Financial institution Account
The process to entry crypto companies is quick:
- Login through on-line banking or Rakbank app
- Entry to the part devoted to “Asset Digitali”
- Alternative of asset among the many out there cryptocurrencies, all regulated and chosen
- Immediate final result, currencies credited or transformed in real-time, with a clear overview of prices
No cumbersome process, no transition to unknown platforms – simply simplicity and management.
The brand new crypto platform provides:
- Intuitive interface good for each inexperienced persons and skilled buyers
- Superior portfolio administration instruments and real-time efficiency monitoring
- Safety from volatility with restrict order and clever alerts
- Most consideration to cybersecurity and information safety, in compliance with essentially the most up-to-date laws
The Rakbank and Bitpanda mannequin relies on complete confidentiality and operational continuity, elementary facets for the expansion of native buyers’ belief.
The built-in crypto market provides the primary regulated currencies resembling Bitcoin, Ethereum, and a choice of permitted altcoins, all complying with the requirements set by the United Arab Emirates regulation.
The providing will progressively broaden following the evolution of the native regulatory framework. (Coin Version 2025)
A New Mannequin for Emirati Retail Finance
The Rakbank–Bitpanda partnership isn’t restricted to a easy service: it represents a systemic shift within the administration and entry to digital belongings for the retail public.
The mannequin combines the historical past and reliability of the native financial institution with essentially the most superior digital improvements, providing buyers a regulated, safe, and simply accessible resolution.
Word: For official information and regulatory particulars on this initiative, confer with the releases by Rakbank and Bitpanda, the statements from the Central Financial institution of the United Arab Emirates, in addition to the experiences printed by Abu Dhabi International Market and Chainalysis (2024).