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Hong Kong's ZhongAn Bank launched cryptocurrency trading services today

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2024-11-25 00:26:47
ZA Bank, a Hong Kong-based digital bank, today announced the launch of a cryptocurrency trading service on its app, becoming the first bank in Asia to offer such a service to retail users. Users can buy and sell bitcoin and ethereum through Hong Kong dollars and US dollars.
The service has an entry threshold of $70 or HK $600, a commission of $1.99 or HK $15 per transaction, and a platform fee of 1.5% of the transaction amount. ZhongAn Bank will implement preferential policies by the end of June 2025, including waiving commissions and reducing the platform fee to 0.8%. Wu Zhonghao, acting chief executive of ZhongAn Bank, said that the bank has achieved a monthly profit in July this year, and this new business is expected to further drive revenue growth.
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