Binance Coin Lands Big Listing on UAE’s RAKBANK

Binance Coin (BNB) is now available for trading on RAKBANK, one of the largest and most trusted banks in the United Arab Emirates (UAE). 

This listing marks a significant step forward for cryptocurrency adoption in the Middle East. According to a post on X, RAKBANK has launched a new crypto trading platform where users can buy and sell BNB, amongst other coins.

Benefits of Binance Coin Listing on RAKBANK

Notably, the bank is now offering regulated digital asset services. This step bridges the gap between traditional banking and modern financial technology. As the UAE becomes a global center for cryptocurrency, this development is expected to draw more interest from investors and institutions in Binance Coin and other listed tokens.

Furthermore, RAKBANK’s crypto trading platform will enable users to buy, sell, and manage cryptocurrencies directly from the bank’s mobile app. 

The bank offers easy transactions that don’t require using other exchanges. Meanwhile, adding digital asset services to a traditional bank is a positive step toward wider acceptance of cryptocurrency in the region.

BNB Coin, the native token of the Binance ecosystem, is one of the most popular utility tokens in the world. Its presence in RAKBANK’s launch lineup shows its strong market position and increasing appeal to institutions. 

BNB Chain Creates An Expanded Space For Builders

Importantly, the leading blockchain platform has planned a major upgrade for its ecosystem. This upgrade will enhance the number of transactions that can occur and improve the overall user experience.

Recall that BNB Chain has launched a new, open hackathon called BNB Hack, following a strong interest in its previous BNB AI Hack. These include Artificial Intelligence (AI), Decentralized Social (DeSoc), Decentralized Science (DeSci), and Decentralized Physical Infrastructure Networks (DePIN).

Ultimately, the protocol’s upgrades and developers are designed to help developers grow steadily and continually improve their skills.

Crypto Firms Enjoy Haven In the UAE

The UAE has to be one of the regions that has proven itself a haven for crypto business in recent months. 

Several digital asset service providers and exchanges have enjoyed support from Dubai regulators through licenses. In May, Air Arabia, a UAE-based airline, started accepting AE Coin, a stablecoin backed by the UAE Dirham (AED).

This bold step made Air Arabia the first airline in the Middle East to use cryptocurrency for payments. Notably, Air Arabia partnered with Al Maryah Community Bank (MBank), the UAE’s first digital financial institution, to assist customers in using AE Coin for payments.

Interestingly, Dubai has continued to cement its reputation as a crypto-friendly jurisdiction. With several moves, Dubai has become one of the first governments in the region to integrate stablecoin-based crypto payments into public service delivery.