This Hong Kong bank offers cryptocurrency trading services, how does the industry view it?

On November 25, ZA Bank, the first and largest digital bank in Hong Kong, announced that it has become the first bank in Asia to provide cryptocurrency trading services for retail users, collaborating with the licensed virtual asset exchange Hashkey Exchange to offer services to users.

"ZaBank's recent partnership with HashKey is a forward-looking initiative that represents a new trend of collaboration between the traditional banking system and the digital currency ecosystem. This cooperation not only reflects the digital transformation of the financial industry but also explores the future financial architecture," said HashKey Exchange CEO Ong Hsiu Chi to Interface News reporters.

It is reported that ZA Bank users can directly buy and sell cryptocurrencies in HKD and USD through the ZA Bank APP, without needing to switch to other applications or platforms. Currently, the platform only provides trading services for Bitcoin and Ethereum.

A recent survey by the Hong Kong Association of Banks shows that nearly 70% of respondents indicated that if banks offer virtual asset trading services, it would make buying and selling virtual assets more convenient or popularize cryptocurrency trading.

In response to market demand, ZA Bank has launched cryptocurrency trading services. To attract users, the minimum trading amount for cryptocurrency investment at ZA Bank is only $70/600 HKD, and once the cryptocurrency investment service is activated, users can enjoy a zero-commission benefit for the first three months.

Traditional banks can provide users with a secure and reliable fiat currency entry and exit channel, while HashKey Exchange, as a digital asset service institution, can offer banks digital currency custody, trading, and management services. This bridging role will be an important development direction for the future.#比特币打破感恩节魔咒