Dubai’s government-owned bank Emirates NBD has entered the
cryptocurrency market by offering crypto trading services through its digital
banking subsidiary, Liv, according to a Thursday announcement.
Liv customers can now buy and sell cryptocurrencies via its new app, Liv X.
This move aligns with Dubai’s long-standing ambition to establish itself as a
major crypto hub, providing clear regulatory frameworks for digital asset firms.
Liv’s crypto trading service is powered by Aquanow, a digital asset
infrastructure provider licensed by Dubai’s Virtual Assets Regulatory Authority
(VARA). Additionally, custody services for the platform are managed by Standard Chartered-backed Zodia.
Leading global exchanges such as Binance, Crypto.com, and OKX have also secured
regulatory approvals in the region.
