Emirates NBD Bank Launches Crypto Trading via Liv X Mobile App

Emirates NBD, the government-owned bank in Dubai, is now facilitating cryptocurrency trading through its digital banking platform, Liv.

Overview of the Offering

Liv has introduced crypto trading services via its new mobile application, Liv X.
This service utilizes infrastructure developed by Aquanow, an authorized digital asset provider under Dubai’s Virtual Assets Regulatory Authority (VARA).

Dubai is progressively becoming a central hub for cryptocurrency activities, creating a conducive environment for regulatory approvals for various firms, including major exchanges such as Binance and Crypto.com. Against this backdrop, Emirates NBD’s shift towards crypto trading signifies a major step for state-backed financial institutions into the digital asset space.

In essence, Liv is employing Aquanow’s operations to ensure secure trading experiences for users. Furthermore, custody services for Liv’s new offering will be provided by Zodia, which is backed by Standard Chartered.