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