According to PANews, ZhongAn Bank announced that it has become the first bank in Asia to provide cryptocurrency trading services for retail customers.
Hong Kong residents can buy and sell Bitcoin and Ethereum in Hong Kong dollars and US dollars on the ZhongAn Bank App. Users must complete a risk assessment before trading.
The entry fee is $70 or 600 Hong Kong dollars, with a transaction commission of $1.99 or 15 Hong Kong dollars, and a platform fee of 1.5% of the transaction amount.
Until the end of June next year, ZhongAn Bank will waive commissions and reduce the platform fee to 0.8% of the transaction amount.
