The bold move of the largest bank in Dubai
The largest bank in , Emirates NBD, has just shaken up the financial market by announcing it will offer cryptocurrency buying and selling services through the Liv X digital banking app. This is a strong move, reflecting the ambition to expand into the digital asset sector of a government-owned bank in Dubai.
According to Bloomberg, customers of can now easily trade crypto on the Liv X platform. This service is built on the infrastructure of Aquanow, a digital asset platform licensed by the Dubai Virtual Assets Regulatory Authority (VARA). Meanwhile, crypto custody services will be handled by Zodia Custody - a subsidiary of Standard Chartered, ensuring the security of digital assets for customers.