ZA Bank launched direct crypto trading services to its retail users on November 25.
The bank collaborates with HashKey Exchange to bridge the gap between traditional finance and crypto.
Users must have an account with the bank and undergo a risk assessment through the bank’s app.
Hong Kong’s largest virtual bank, ZA Bank, now offers direct crypto trading services to its retail users, through a collaboration with HashKey Exchange. According to a press release, ZA Bank is the first bank in Asia to offer a retail crypto trading service.
To use the new cryptocurrency feature, users must have an account with the bank. The service allows users to buy and sell Bitcoin and Ethereum using fiat currencies, but they must first complete a risk assessment through the bank’s app that provides the crypto service. The bank stated in the press release, “Through the ZA Bank app, users can now seamlessly trade top cryptocurrencies in HKD and USD — all within a single platform, with no need to switch between apps or platforms.”
Partnership with HashKey Exchange
ZA Bank’s alternate chief executive, Calvin Ng, explained that the new service was created in collabora…
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