Emirates NBD Joins the Crypto World: A Big Step for Digital Money
Emirates NBD, a major Middle East bank, has done something big. It has started letting people buy, sell, and trade cryptocurrencies. This is a huge deal because it shows that traditional banks are now ready to accept digital money. On March 5, 2025, Emirates NBD launched this service through its digital bank, Liv, with the help of Aquanow, a company that provides crypto services[1][4]. Dubai, where Emirates NBD is based, wants to become a major player in the crypto world, and this move helps make that happen[1][5].
The Liv X App: Buying and Selling Crypto Made Easy
The Liv X app, made by Emirates NBD’s digital bank Liv, lets you easily buy, sell, and trade cryptocurrencies. Aquanow helps with this by providing the needed infrastructure, and Zodia Custody keeps the digital money safe[1][4]. The app is user-friendly, so you can manage both your regular money and your digital assets in one place. This move shows that the UAE, where the bank is located, is serious about cryptocurrencies[5].
Dubai’s Big Crypto Plans
Dubai wants to be a global hub for cryptocurrencies. It has made it easy for big crypto companies like Binance, Crypto.com, and OKX to set up there[4]. Emirates NBD joining the crypto world makes Dubai’s goal more likely to happen. The UAE wants to diversify its economy and encourage technology, and this move helps with that[1][5].
Crypto in the UAE: Growing Fast
The UAE has seen a lot of crypto activity in the past year. Over $30 billion in crypto transactions happened between July 2023 and June 2024, making the UAE one of the top crypto economies in the Middle East and North Africa (MENA) region[5]. Many people in the UAE are interested in crypto because it can protect their money from inflation. Emirates NBD’s new service is expected to make crypto even more popular in the UAE.
A New Way of Banking
Emirates NBD’s entry into the crypto world is a big deal. It shows that traditional banks are ready to accept digital money. By offering crypto trading services, Emirates NBD is helping Dubai become a global crypto hub. This move also shows that banks and tech companies can work together to bring new ideas to the finance world.
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Sources:
– coingape.com
– markets.businessinsider.com
– financialit.net