Dubai state-owned bank Emirates NBD debuts crypto trading on Liv X app

Emirates NBD, a Dubai government-owned bank, volition debut cryptocurrency services done its integer slope subsidiary Liv.

Liv slope has enabled its customers to buy, clasp and merchantability cryptocurrencies connected its Live X app successful collaboration with Aquanow, a licensed crypto plus work provider, the companies said successful a associated announcement connected Thursday.

Introduced connected March 5, the offering enables retail Liv clients successful the United Arab Emirates to commercialized 5 large crypto assets, including Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP) and Cardano (ADA), a spokesperson for Aquanow told Cointelegraph.

Liv’s crypto work offering features custody services by a salient cryptocurrency custodian, Zodia Custody, which secured a strategical concern from Emirates NBD successful precocious 2024.

A displacement toward mainstream crypto adoption successful the UAE

“The motorboat of this offering with Emirates NBD marks a defining infinitesimal for integer assets successful the UAE and beyond,” Aquanow CEO Phil Sham told Cointelegraph.

As 1 of the region’s astir trusted fiscal institutions embraces crypto, it signals a broader displacement toward mainstream adoption, Sham noted, adding:

“This collaboration showcases however accepted banking and integer assets tin coexist, providing consumers with seamless, secure, and compliant entree to the evolving integer economy.”

Emirates NBD’s retail banking head, Marwan Hadi, highlighted the group’s committedness to innovation successful the discourse of rising crypto adoption successful the country.

“Offering cryptocurrency connected Liv X is the adjacent measurement toward the wide imaginativeness of Liv being a pioneer successful innovation and excellence. With the highest crypto adoption complaint successful the UAE, we are keen to motorboat our ain virtual plus offering to capitalize connected this trend,” helium stated.

This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.