Which banks in the Gulf and MENA offer exchange transfers and a stablecoin off-ramp?

Every bank that passes this test also appears on Crypto-friendly banks in the Gulf and MENA with a stablecoin off-ramp, and the list is identical. That page carries the full write-up and is the one search engines are pointed to. The table below is the same set.

The banks that pass

BankScoreTypeHealthP2PVerdict
AMINA Bank15/16Crypto-nativeSolidnoneYes, but only for professional clients and companies. Individuals need CHF 500,000 in assets plus finance experience, or CHF 2 million.
Singapore Gulf Bank10/16Crypto-nativeUnknownnoneYes. Built for crypto firms, with a USD personal account that plugs straight into Binance Bahrain.
Standard Chartered8/16TraditionalWatchnoneYes for institutions, through spot trading, custody and stablecoins. Retail customers get little beyond the Mox app in Hong Kong.
Zand Bank8/16Business bankingSolidnoneYes for licensed businesses and institutions, no for individuals.
RAKBank8/16TraditionalSolidnoneYes. Crypto trading is built into the app, but it is a closed loop run by Bitpanda, and exchange transfer rules are not published.

Click a column to sort. Health is our tag. P2P is community-reported and separate from the score.

Bank by bank

AMINA Bank 15 of 16 · exchange transfers: yes · stablecoin off-ramp: yes
Allowed: Crypto transfers into AMINA from your own account at a supported exchange or custodian, including Coinbase, Kraken, Bitstamp, ByBit, Deribit and Revolut, once you prove the account is yours
Watch out: Stablecoin rewards for US persons and anyone resident or domiciled in the EEA
Singapore Gulf Bank 10 of 16 · exchange transfers: yes · stablecoin off-ramp: yes
Allowed: Direct USD transfers between your SGB account and Binance Bahrain through SGB Link, settling in seconds
Watch out: Transfers cannot be cancelled once sent
Standard Chartered 8 of 16 · exchange transfers: partial · stablecoin off-ramp: partial
Allowed: Retail Bitcoin and Ether trading through Mox, the Standard Chartered-backed digital bank in Hong Kong, executed by HashKey Exchange
Watch out: Mox crypto trading is buy and sell only inside the app. Crypto cannot be transferred in or out
Zand Bank 8 of 16 · exchange transfers: yes · stablecoin off-ramp: yes
Allowed: Business accounts for VASPs, crypto exchanges, market makers, banks and corporates, stated on Zand's own custody FAQ
Watch out: Stablecoin and custody pricing is set case by case and not published
RAKBank 8 of 16 · exchange transfers: partial · stablecoin off-ramp: partial
Allowed: Sell crypto and stablecoins (USDT is listed) straight back to your RAKBANK AED current or savings account
Watch out: No published policy on sending dirhams to third-party exchanges such as Binance or Coinbase

Up to the full list

Crypto-friendly banks in the Gulf and MENA (8)

Same region, other tests

Crypto-friendly banks in the Gulf and MENA with exchange transfers (8)Crypto-friendly banks in the Gulf and MENA with exchange transfers and custody (8)Crypto-friendly banks in the Gulf and MENA with a stablecoin off-ramp (5)Crypto-friendly banks in the Gulf and MENA with exchange transfers and Web3 business accounts (5)Crypto-friendly banks in the Gulf and MENA with exchange transfers and a card (5)Crypto-friendly banks in the Gulf and MENA with a stablecoin off-ramp and Web3 business accounts (5)Crypto-friendly banks in the Gulf and MENA with a stablecoin off-ramp and custody (5)Crypto-friendly banks in the Gulf and MENA with exchange transfers and staking (2)

Exchange transfers and a stablecoin off-ramp elsewhere

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