ZA Bank, a digital bank in Hong Kong, announced today the launch of cryptocurrency trading services on its app, becoming the first bank in Asia to offer such services to retail users. Users can buy and sell Bitcoin and Ethereum in Hong Kong dollars and US dollars.
The entry threshold for this service is $70 or HKD 600, with a commission of $1.99 or HKD 15 per transaction and a platform fee of 1.5% of the transaction amount. ZA Bank will implement preferential policies by the end of June 2025, including waiving commissions and reducing platform fees to 0.8%. Wu Zhonghao, acting CEO of ZA Bank, said the bank achieved monthly profitability in July this year, and this new business is expected to further drive revenue growth.
