Dubai’s state-owned banking giant, Emirates NBD, is stepping into the crypto world
This crypto trading feature will make it easier for customers in the United Arab Emirates. Its users will be able to buy, hold, and sell digital assets.
This move puts Emirates NBD among the first major banks in the region to offer such a service. The new offering, launched on March 5, is made possible through a collaboration with Aquanow, a licensed crypto asset service provider, and Zodia Custody, a digital asset custody firm. Customers using the Liv X app can now trade five major cryptocurrencies, including Bitcoin.
According to Aquanow CEO Phil Sham, this partnership bridges the gap between traditional banking and digital assets. He said: “The launch of this offering with Emirates NBD marks a defining moment for digital assets in the UAE and beyond”.
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With one of the highest crypto adoption rates in the world, the UAE has become a hotspot for blockchain innovation. By integrating crypto services into Liv X, the bank is not only keeping up with the times but also capitalizing on a growing trend. Marwan Hadi, head of retail banking at Emirates NBD, emphasized the bank’s commitment to innovation. “Offering cryptocurrency on Liv X is the next step toward the overall vision of Liv being a pioneer in innovation and excellence,” Hadi stated.
Bankless is now offering Bitcoin-backed loans, providing a streamlined, bank-free lending experience. With no banks involved, there’s no paperwork to fill out—just pure on-chain finance.
By using Bitcoin as collateral, users can access loans directly through blockchain technology. Making the process faster, simpler, and more transparent. This new approach removes the need for traditional banking intermediaries, allowing for a decentralized and efficient way to leverage Bitcoin for liquidity.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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SOLXRP+1 moreBitcoin-backed loans. No banks. No paperwork. Pure onchain finance. @willrobinson23 on @bankless:
