Dubai's largest bank launches cryptocurrency trading services

ChainCatcher news, according to Bloomberg, one of Dubai's largest banks, Emirates NBD, has launched cryptocurrency trading services through its digital banking platform Liv. Users can now buy, sell, and trade cryptocurrencies on the Liv X app. This service is technically supported by the local digital asset company Aquanow, authorized by the Dubai Virtual Assets Regulatory Authority, while the custody services are handled by Standard Chartered's subsidiary, Zodia Custody.

This move highlights the growing interest of financial institutions in digital assets, following the recent announcement of Ethereum staking services by Switzerland's PostFinance AG and Italy's Intesa Sanpaolo completing its first Bitcoin spot purchase.