ZA Bank Becomes Asia’s First To Offer Crypto Trading to Retail Users

• ZA Bank has over 800,000 users who can now trade BTC and ETH through the banking app.
• The offering is in collaboration with HashKey Exchange, the largest crypto exchange in Hong Kong.
• The minimum trading amount is $70, or HKD 600.

Hong Kong-based digital bank ZA Bank has become the first in Asia to offer crypto trading services directly to its retail customers. Now, its users can access Bitcoin (BTC) and Ethereum (ETH) by trading through the bank’s mobile app.

ZA Bank Crypto

As per an official announcement from ZA Bank, it is now offering crypto services, allowing users to trade Bitcoin and Ethereum directly through its mobile app.

It comes as part of a collaboration with Hong Kong’s largest crypto exchange, HashKey Exchange. In the partnership, the bank will tap “HashKey Pro” as its foundation to provide trading services. As noted by Livio Weng, CEO of HashKey Exchange:

“HashKey Pro, as a one-stop virtual asset solution, enables traditional financial institutions to quickly adopt virtual asset trading capabilities, lowering technological barriers and providing users with a convenient and efficient trading experience.”

ZA Bank also notes that as a bank it must “prioritize security and compliance”, and HashKey aligns with the regulatory standards needed to offer “bank-grade security” in cryptocurrency trading.

It’s a major step forward for crypto in Asia and may go on to reveal a healthy appetite amongst its users who may have avoided crypto for one reason or another.

Looking Ahead

The bank foresees a bright future for the crypto markets, noting the exponential rises in crypto prices, overall market capitalization, and the positivity surrounding Donald Trump’s appointment as U.S. President.

It’s a notable moment as the bank has effectively onboarded over 800,000 users to crypto in one fell swoop. Underscoring its commitment to challenging traditional finance (TradFi), the bank says it will continue pushing boundaries and “advancing the Web3 ecosystem.”

It’s a major step forward for one of Hong Kong’s top-performing digital banks, but also HashKey, which has added a major player to its “Pro” offering client list. So far, it’s processed over 5 billion HKD ($650 million) in transactions across more than ten brokers and banks.