[ZA Bank in Hong Kong launches cryptocurrency trading services today]
Hong Kong digital bank ZA Bank 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 using HKD and USD.
The entry threshold for this service is $70 or HKD 600, with a commission of $1.99 or HKD 15 charged 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 the platform fee to 0.8%. Wu Zhonghao, the acting CEO of ZA Bank, stated that the bank achieved monthly profitability in July this year, and this new business is expected to further drive revenue growth.
