Rakbank has become the first traditional bank in the United Arab Emirates (UAE) to enable crypto trading for retail users. This significant move allows customers to buy, sell, and swap cryptocurrencies (including #Bitcoin, # Ethereum, and $XRP) directly from their current or savings accounts in UAE dirhams (AED) using Rakbank’s mobile banking app. The service eliminates the need to transfer funds to foreign exchanges or deal with currency conversion fees, streamlining access for local users.