The Bank of Bahrain and Kuwait (BBK) has decided to offer crypto-as-a-service (CaaS) in the Middle East region. To do so, the traditional banking institution has signed a memorandum of understanding (MoU) with Binance. The development was officially announced on Wednesday, November 5.
The development was was announced at the Gateway Gulf Investment Forum Bahrain 2025. At the event BBK said, it would be integrating Binance’s CaaS solutions into its mobile banking app.
The integration will let Bank customers trade and manage crypto directly from the BBK platform without having to make Binance accounts. The bank’s mobile app is set to be updated with a new dashboard to let its customers keep track of their crypto holdings and facilitate transactions.
“This partnership reflects BBK’s commitment to innovation and customer-centric digital transformation,” said Mr. Yaser Alsharifi, Group Chief Executive of BBK.
The partnership will go into effect after it gets the final nod from the Central Bank of Bahrain (CBB). Once approved, BBK users will get instant access to Binance’s offerings as well from within the BBK mobile app.
“As demand for crypto assets rises globally, we are pleased to collaborate with BBK to help them offer these assets to their clients at scale, unlocking new growth potential,” Catherine Chen, Head of VIP and Institutional at Binance.