RAKBANK in the UAE is making quite a splash! On August 22nd, it officially launched cryptocurrency trading within its app, marking the entry of another major player in the local banking industry. More notably, BNB was among the first eight supported coins, clearly demonstrating the continued expansion of the influence of exchange-related assets.

This newly launched service covers mainstream currencies like Bitcoin and Ethereum, as well as some high-profile tokens. For Middle Eastern users, buying and selling cryptocurrencies previously required international exchanges. Now, being able to do so directly within local bank apps is significantly more convenient, and deposits and withdrawals are much smoother. RAKBANK's move not only aligns with the UAE's policy of promoting a digital economy, but also clearly caters to the market's growing demand for cryptocurrencies.

Ultimately, however, security and compliance are paramount for banks involved in cryptocurrency. RAKBANK appears to have made thorough preparations, as it must comply with the relevant frameworks of the UAE Central Bank. Users are likely most concerned about fund security and system stability, especially when conducting large transactions.

With more and more traditional financial institutions now supporting cryptocurrency services, it feels like the industry is slowly moving from "fringe exploration" to "regularization." RAKBANK isn't the first, and it certainly won't be the last. Perhaps one day, seeing banks offering crypto trading features won't be surprising.

That said, BNB's inclusion in the initial list certainly demonstrates its growing acceptance. Whether or not it's due to the liquidity advantages afforded by its exchange background, the ability to trade directly through a bank provides holders with an additional option. $BNB