Dubai government-owned digital bank Emirates NBD has launched its own native crypto trading platform Liv X.
The mobile crypto app aims to give customers more convenience when it comes to crypto trading. Users will be able to buy, sell and manage their preferred digital assets within a single platform.
Liv X is directly integrated within the Emirates NBD mobile app, allowing for a more simplified approach to accessing its crypto features. The United Arab Emirates (UAE) digital bank also asserted its platform is securely protected with relevant features.
Marwan Hadi, Head of Retail Banking at Emirates NBD, said: “We are excited to introduce Liv X as a significant step towards meeting the growing demand for crypto services among our customers.
“By seamlessly integrating crypto trading within our mobile app, we provide a user-friendly experience while maintaining the highest standards of security and regulation.”
Some of the key features of the Emirates NBD crypto platform includes its readily available usage within the mobile app, offering a selection of popular cryptocurrencies to trade with, and leveraging Aquanow’s platform to enable security and compliance features.
Aquanow ME FZE is regulated by Dubai’s Virtual Asset Regulatory Authority (VARA) that offers digital asset protection technology to mitigate fraud and non-compliance activities.
It is not uncommon for a digital bank to launch its own crypto trading platform as UK fintech Revolut launched Revolut X last year.
Whilst the crypto industry has yet to win over the traditional finance space due to its volatility and deficiencies in payments use cases, fintechs have given it a bigger welcome to the sector, making crypto trading and even crypto payments a part of their offerings.
