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Crypto

Robinhood to offer crypto, stock trading and custody in Dubai, eyes Middle East push in 2027

Robinhood Markets has received approval from the Dubai Financial Services Authority to provide trading in cryptocurrencies such as bitcoin and in stocks, as well as digital asset custody, in the Middle East. The approval covers retail trading and custody across 10 asset classes including bitcoin, other cryptocurrencies, stocks, ETFs and investment tokens. Robinhood plans to set up a base in the Dubai International Financial Centre in 2027 to launch services across the Middle East and North Africa.

Crypto

Standard Chartered opens crypto trading from bank accounts for wealthy UAE clients

Standard Chartered has launched a service allowing wealthy clients in the United Arab Emirates to trade bitcoin and ether directly from their bank accounts. The service, approved by Dubai’s Virtual Assets Regulatory Authority, is first available to clients who qualify as professional investors. The bank said it handles trading, custody and settlement within its own system, without separate wallets or external platforms. The service was built jointly across divisions and involves Zodia Markets.

Crypto

Ripple mints 19.6 million more RLUSD; Standard Chartered starts custody

Ripple minted 19.6 million additional units of its dollar-pegged stablecoin RLUSD, bringing recent issuance to 38.6 million units, according to U.Today. Data cited by a Ripple stablecoin tracker showed 38.6 million RLUSD issued across five transactions and 50.6 million burned, for a net burn of 12 million. Issuance occurred on Ethereum while burns took place on the XRP Ledger. Standard Chartered said it has launched institutional custody for XRPL-issued RLUSD via its DIFC branch, regulated by the DFSA.