Hong Kong Digital Banking Giant Launches Cryptocurrency Trading for Retail

ZA Bank, Hong Kong’s biggest virtual bank, has produced a revolutionary feature that lets users trade BTC and ETH directly on the company’s platform. The action plan is seen as the next step to integrate the adapter that sits at the intersection of the established banking system and the emerging crypto space.  

Retail consumers require an account with ZA Bank and have to clear a risk assessment check as per an announcement made on November 25. At present, there are only Bitcoin and Ethereum available in the trading platform with no words on adding more options to the list of cryptocurrencies.  

This service was created with the help of HashKey Exchange which is one of the three licensed cryptocurrency exchanges of Hong Kong. Calvin Ng, an alternate chief executive of ZA Bank, stated that the service complies with regulation, as well as meets the increasing need for cryptocurrency investments.  

“The rise of cryptocurrency presents investors with more diverse asset allocation opportunities,” Ng stated. 

Livio Weng, CEO of HashKey Exchange, also said that HashKey will continue to strengthen its cooperation with ZA Bank to deepen the strategic value of Web3 and provide diverse financial services.