Hong Kong's leading virtual bank, ZA Bank, has announced the launch of round-the-clock cryptocurrency trading services, becoming the first bank in Asia to offer such facilities to retail customers. This move solidifies ZA Bank's position as a pioneer in digital wealth management.
Seamless Crypto Trading Through Mobile App
ZA Bank customers can now buy and sell cryptocurrencies directly using the ZA Bank App with HKD or USD, eliminating the need to switch between different platforms. This integration significantly streamlines the investment process.
Supported Cryptocurrencies
Initially, ZA Bank will support trading for:
- Bitcoin (BTC)
- Ethereum (ETH)
The bank plans to add support for two more cryptocurrencies in the future after further discussions with regulators.
Regulatory Compliance and Safety Measures
Acting CEO Calvin Ng emphasized that ZA Bank spent nearly a year preparing this service to ensure:
- Full regulatory compliance
- Robust technological infrastructure
- Client protection mechanisms
- Service stability
Given the higher risk profile of cryptocurrency investments, ZA Bank will focus on user education in its marketing efforts.
👉 Learn how cryptocurrencies are transforming digital banking
Pricing Structure
- Minimum transaction amount: $70 USD or 600 HKD
- Commission per transaction: $1.99 USD or 15 HKD
- Platform fee: 1.5% of transaction value
Promotional Offers
Customers who activate the cryptocurrency investment service before June 30, 2025 will enjoy special benefits for 90 days from activation.
Strategic Partnership with HashKey Exchange
ZA Bank has partnered with licensed virtual asset exchange HashKey to provide:
- Bank-level security
- Regulatory compliance
- Institutional-grade safeguards
HashKey Exchange CEO Livio Weng stated: "Our collaboration with ZA Bank represents a shared commitment to high compliance standards and innovative financial services."
Business Impact
The new service is expected to:
- Boost fee-based income
- Attract new customers
- Contribute to the bank's path to profitability
👉 Discover more about secure crypto trading platforms
FAQs
Q: Is ZA Bank's cryptocurrency trading service available 24/7?
A: Yes, the service operates continuously without interruption.
Q: What currencies can I use to trade cryptocurrencies on ZA Bank?
A: Currently, you can use both HKD and USD.
Q: How does ZA Bank ensure the security of crypto transactions?
A: Through its partnership with licensed exchange HashKey and implementation of bank-grade security protocols.
Q: Will ZA Bank support more cryptocurrencies in the future?
A: Yes, the bank plans to add support for two more cryptocurrencies after regulatory approval.
Q: What are the fees for crypto trading on ZA Bank?
A: There's a $1.99/15 HKD commission per trade plus a 1.5% platform fee.
Q: Is there a minimum investment amount?
A: Yes, the minimum transaction amount is $70 USD or 600 HKD.