The state-owned bank of Dubai, Emirates NBD, is launching cryptocurrency trading through its new Liv X app.
Liv is delivering its crypto service on infrastructure powered by Aquanow, a digital asset platform licensed by Dubai's VARA.
Jamie Crowley | Edited by Parikshit Mishra on 6 March 2025, 10:43 UTC
Key points:
- Emirates NBD, a bank owned by the Dubai government, is starting to offer cryptocurrency trading services through its new mobile banking app Liv X.
- Liv provides its crypto service using infrastructure operated by Aquanow, a digital asset platform licensed by Dubai's VARA.
- Over the years, Dubai has established itself as a crypto hub, offering clear rules for companies to obtain licenses.
Emirates NBD, a bank owned by the Dubai government, is starting to offer cryptocurrency trading through its digital banking subsidiary Liv.
Liv is allowing its customers to buy and sell cryptocurrency through a new app, Liv X, according to information released Thursday.
Dubai has positioned itself as a crypto hub for years, offering clear rules for companies seeking licenses. This has led to major exchanges such as Binance, Crypto.com, and OKX being approved.
In this context, the Dubai government's own bank has taken steps to provide cryptocurrency trading services.
Liv offers its crypto service using infrastructure operated by Aquanow, a digital asset platform licensed by Dubai's Virtual Assets Regulatory Authority (VARA).
Standard Chartered-backed Zodia is providing custody services for Liv's new offering.
Read more: Dubai approves Circle USDC and EURC stablecoins for use in DIFC
