The UAE bank — RAKBANK — announced the launch of a new service for cryptocurrency trading in partnership with Bitpanda. Bank users will be able to buy, sell, and exchange crypto assets directly from their accounts in UAE dirhams through the bank's mobile application.

The press release states that the new service provides instant access to trading without external transfers. Integration with Bitpanda, a European investment platform, ensures compliance with regulatory requirements and a secure infrastructure, the statement said.