Is ADCB Bank Crypto-Friendly?
Yes, ADCB is a crypto-friendly bank in the UAE. The bank allows customers to buy and sell digital assets through licensed and regulated crypto brokers. ADCB does not currently offer any crypto-related products or services. However, the bank has expressed interest in developing a digital asset exchange in the future.
How to Buy Crypto with ADCB Bank
As mentioned above, the best way to invest in cryptocurrencies with an ADCB Bank account is through a trusted trading platform like eToro UAE. They offer instant deposits from ADCB online banking accounts and great customer support for new investors with questions on how to invest in digital assets on the platform.
- Sign up to the eToro trading platform.
- Select the 'Deposit Funds' button at the bottom of your eToro dashboard.
- Select 'Bank Transfer' to connect your ADCB Bank account and deposit funds. You can transfer via bank transfer, debit card or credit card.
- Once the money lands in your account, you can buy or sell any asset listed on the platform.
About ADCB Bank
ADCB was established in 1985 as a public joint stock company and commenced operations in 1986. The Bank was initially known as Abu Dhabi Commercial Bank and changed its name to ADCB in 2012. ADCB is one of the largest banks in the United Arab Emirates with total assets of AED 400 billion as at October 2022. The Bank has a customer base of over 1.6 million and a network of branches and ATMs across the UAE.
The bank offers a wide range of products and services including personal banking, business banking, wealth management, corporate and investment banking. The Bank is listed on the Abu Dhabi Securities Exchange (ADX) under the symbol "ADCB".
ADCB is majority owned by the Abu Dhabi government through its investment arm, Abu Dhabi Investment Council (ADIC). The other major shareholders are Emirates NBD (ENBD) with a 19.75% stake and Al Hilal Bank with a 5% stake.