Dubai's largest bank launches cryptocurrency trading service

Odaily Planet Daily News: Emirates NBD, one of Dubai's largest banks, has launched cryptocurrency trading services through its digital banking platform Liv. Users can now purchase, sell, and trade cryptocurrencies on the Liv X app. The service is supported by Aquanow, a local digital asset company authorized by the Dubai Virtual Asset Regulatory Authority, while the custody service is provided by Zodia Custody, a subsidiary of Standard Chartered Bank. This move highlights the growing interest of financial institutions in digital assets, following the recent announcement of Ethereum staking services by Swiss PostFinance AG and the completion of the first Bitcoin spot purchase by Italian Intesa Sanpaolo.