BNB, the native coin of Binance, has just scored another big milestone in the Middle East. RAKBANK, one of the United Arab Emirates’ largest and most innovative banks, has announced that Binance Coin (BNB) is now officially tradable on its digital banking platform.
The move has caught attention as it signals how traditional banks are slowly opening doors to digital assets.
BNB’s Listing on the UAE’s RAKBANK
RAKBANK has launched crypto trading on its mobile app, allowing customers to buy and sell eight major digital coins. Among them is Binance Coin (BNB), which marks a big step for crypto adoption in the UAE’s banking sector.
BNB, the native token of Binance, will now be more accessible to both regular users and big investors who want more options in digital assets.
This move shows RAKBANK’s push to adopt modern financial technology and meet the rising demand for crypto. By adding BNB, the bank is not just growing its crypto services but also sending a strong signal to the wider Middle East that regulated banks can safely support digital assets.
How do Customers Benefit From This?
With BNB trading now available directly via the bank’s secure and regulated infrastructure, users benefit from:
Secure and Regulated Trading: Customers may now buy, sell, and hold BNB directly through RAKBANK’s secure digital banking interface.
Seamless Experience: No need for external exchanges, account holders can transact BNB alongside traditional currencies and other digital assets supported by the bank.
Enhanced Portfolio Options: With BNB added to the roster, RAKBANK clients can further diversify holdings and participate in the broader Binance ecosystem, including staking, savings, and DeFi applications linked to BNB.
UAE’s Growing Crypto Hub Status
The UAE has been pushing hard to become a global hub for digital assets. Dubai and Abu Dhabi already host several crypto-friendly regulations and companies. RAKBANK’s move adds another layer to this effort, showing that even long-established financial institutions see value in crypto adoption.
Impact Price BNB Price
Following the news of BNB listing on RAKBANK, the token price hasn’t seen any rise, currently trading around $844, maintaining stability above its key support levels
Technical analysis suggests that BNB remains in a bullish long-term trend, with both its 50-day and 200-day moving averages trending upward. A breakout of this range, fueled by strong volume, could set the stage for a run toward $950 and beyond.
Meanwhile, a breakdown below $828 may test the $810 and $790 levels.
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