Discount Bank says customers can buy and sell Bitcoin and ether in its app from November 26, 2026, without an outside wallet. The in-app commission is 2%. Custody fees are waived for six months, then 0.25% a quarter.
Discount Bank will let customers trade Bitcoin and ether in its app from November 26, 2026. The bank's product page says the trades run from the existing bank account. A customer does not open a separate digital wallet or an account at an outside exchange. At launch, the two coins are Bitcoin and ether. The page says other coins may be considered later.
The buy and sell commission in the app is 2%, not including a foreign-exchange conversion.
Coins bought at the bank cannot be sent to an outside wallet.
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Standard Chartered announced bitcoin trading for affluent UAE clients on October 14, allowing direct purchases through bank accounts. The move positions the bank as the first international institution to offer the service in the country and extends its existing crypto operations in Luxembourg and Hong Kong.
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