Through a partnership with HashKey Exchange, ZA Bank’s app allows users to trade crypto 24/7 using legal currencies like HKD and USD.
ZA Bank's new crypto trading service is made possible through a partnership with HashKey, a licensed crypto exchange in Hong Kong. The collaboration utilizes HashKey Pro, a platform designed for institutional clients, to provide a secure and seamless experience for retail investors.
HashKey Pro offers a wide range of services, including API trading and enterprise-level account management, which ensures the platform’s capabilities meet the needs of both individual users and financial entities.
Starting today, ZA Bank’s retail customers can trade Bitcoin and Ethereum 24/7. The service is available through the ZA Bank app, allowing users to access crypto trading with minimal hassle.
The minimum transaction amount is US$70 or HK$600 per trade, making it accessible to a wide range of retail investors in Hong Kong. ZA Bank has also introduced a special promotion, waiving commission fees until the end of June 2025. After that, a platform fee of 1.5% will be implemented, along with a fixed commission fee of US$1.99 or HK$15 per transaction.
The launch of retail crypto trading by ZA Bank is in line with Hong Kong's ambition to become a global hub for virtual asset trading. Since announcing this goal in 2022, Hong Kong has made significant strides in regulating the cryptocurrency sector. The Securities and Futures Commission (SFC) has granted licenses to three virtual asset trading platforms—HashKey, OSL Exchange, and HKVAX—and ZA Bank is the only one holding a license for offering crypto trading through a bank.
The SFC is expected to announce a list of licensed platforms before the end of the year, which could further shape the landscape for crypto trading in the city.
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ZA Bank Becomes Asia’s First Bank to Offer Retail Crypto Trading: Report – CoinMarketCap
