Dubai's state-owned bank, Emirates NBD, introduces crypto trading via the Liv X app

Liv is providing its crypto services through infrastructure powered by Aquanow, a digital asset platform licensed by Dubai's VARA.

Key Points:

• Emirates NBD, Dubai’s state-owned bank, has launched crypto trading through its new mobile banking app, Liv X.
• The crypto service is powered by Aquanow, a digital asset platform licensed by Dubai's VARA.
• Dubai has been positioning itself as a global crypto hub, providing clear regulatory guidelines for firms seeking licensing.

Dubai’s state-owned bank, Emirates NBD, is introducing crypto trading through its digital banking subsidiary, Liv.

According to a Thursday email announcement, Liv now enables customers to buy and sell cryptocurrencies via its new app, Liv X.

Dubai has been solidifying its position as a crypto hub in recent years by implementing clear regulatory frameworks for firms seeking licensing. This has enabled major exchanges like Binance, Crypto.com, and OKX to secure approvals.

In line with this trend, Dubai’s government-owned bank, Emirates NBD, has now entered the crypto space by offering trading services through its digital banking arm, Liv.

Liv’s crypto service operates using infrastructure from Aquanow, a digital asset platform licensed by Dubai’s Virtual Assets Regulatory Authority (VARA). Additionally, Standard Chartered-backed Zodia is providing custody services for the new offering.