A MENA social media influencer called Ghazi, in the crypto space recently announced that Binance’s token BNB was now tradable on UAE RAKBANK, yet this is not the only tradable cryptocurrency, it is one eight, which include Bitcoin, Ethereum XRP and others. The post came a week after the bank announced that it had launched its crypto brokerage service via its mobile app for retail customers, making it the first conventional bank in the UAE to enable crypto trading services for its customers.

As per the blog post, RAKBANK customers can buy, sell, and swap cryptocurrencies by accessing UAE regulated Bitpanda’s crypto trading platform through mobile banking app.

Ghazi’S post was then reshared by CZ Binance’s Founder.

The news is not surprising as on RAK Bank website it notes that users can trade the following cryptocurrencies through BitPanda, a regulated crypto exchange in UAE. Users can trade Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Binance Coin (BNB), Chainlink (LINK), Tron (TRX) and Cardano (ADA).

It is mandatory to have your RAKToken activated before users can begin their Crypto investment journey.

Yet RAK Bank is not the only bank in the UAE that is offering crypto trading, digital bank Liv, from Emirates NBD is also offering the service.