Hong Kong ZA Bank (ZA Bank) announced today (11/25) that it has opened up direct cryptocurrency trading for retail users on its platform. Users can directly trade Bitcoin and Ethereum in Hong Kong dollars or US dollars through the ZA Bank application, making it the first bank in Asia to provide cryptocurrency trading services to retail users.
ZA Bank is the first crypto-friendly bank in Hong Kong and has partnered with the current Hong Kong cryptocurrency exchange HashKey. HashKey provides institutional-level trading services, supporting API, large transactions, and enterprise-level account management functions to assist ZA Bank in integrating cryptocurrency trading features.
ZA Bank indicates that, starting today, users can directly trade Bitcoin and Ethereum in Hong Kong dollars or US dollars through the ZA Bank App without switching to other applications, significantly simplifying the cryptocurrency investment process. Although the Hong Kong Securities and Futures Commission currently allows retail investors to trade four types of cryptocurrencies, ZA Bank temporarily only offers trading services for Bitcoin and Ethereum. ZA Bank's acting CEO, Wu Zhonghao, stated that the bank is in communication with regulatory agencies and will gradually increase support for other currencies in the future.
(Hong Kong's first crypto-friendly bank is here! ZA Bank offers 'cryptocurrency to fiat currency' services with three fiat currencies for withdrawals)
This article Hong Kong ZA Bank (ZA Bank): The first bank to offer cryptocurrency trading, buy and sell directly via the app was first seen in Chain News ABMedia.
