Emirates NBD Joins the Crypto World: A Big Step for Digital Money
Emirates NBD, a major bank in the Middle East, has done something big! On March 5, 2025, they started letting people buy, sell, and trade cryptocurrencies using their digital bank, Liv. This is a huge deal because it’s the first time a big bank in the Middle East has done this. They worked with Aquanow, a company that helps with crypto services, and Zodia Custody to keep the cryptocurrencies safe[1][4].
What’s the Liv X App?
The Liv X app is where you can do all the crypto trading. It’s easy to use, so you can manage your traditional money and digital assets all in one place. This is great news for people in the UAE who want to use cryptocurrencies, as it’s now safer and more convenient[5].
Dubai’s Big Crypto Plans
Dubai wants to be a major player in the global crypto market. They’ve made it easy for big crypto companies like Binance, Crypto.com, and OKX to set up shop there[4]. Emirates NBD joining the crypto world helps Dubai become an even bigger hub for digital money. This also helps the UAE’s plan to become less dependent on oil and more into technology[1][5].
Crypto in the UAE
The UAE loves cryptocurrencies! Between July 2023 and June 2024, there were over $30 billion worth of crypto transactions there. That’s a lot! People in the UAE like using cryptocurrencies because they can help beat inflation and make money[5]. With Emirates NBD now offering crypto trading, even more people can get involved safely.
What This Means for the Future
Emirates NBD joining the crypto world is a big deal. It shows that traditional banks are starting to accept cryptocurrencies. This could lead to more people using digital money and more banks offering crypto services. It’s a new era for digital assets!
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Sources:
– coingape.com
– markets.businessinsider.com
– financialit.net
