Hong Kong ZhongAn Bank launches cryptocurrency trading service today
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2024-11-25 08:31:01 9,501
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Golden Finance reported that Hong Kong digital bank ZA Bank today announced the launch of cryptocurrency trading services on its App, becoming the first bank in Asia to provide such services to retail users. Users can buy and sell Bitcoin and Ethereum in Hong Kong dollars and US dollars.
The entry threshold for this service is US$70 or HK$600, and each transaction charges a commission of US$1.99 or HK$15. The platform fee is 1.5% of the transaction amount. Zhongan Bank will implement preferential policies before the end of June 2025, including waiving commissions and reducing platform fees to 0.8%. Wu Zhonghao, acting chief executive of Zhongan Bank, said that the bank had achieved a single-month profit in July this year, and this new business is expected to further drive revenue growth.