Hong Kong’s largest digital bank ZA Bank has broken new ground by becoming Asia’s first bank to offer cryptocurrency trading directly to retail customers. Through their mobile app, users can now trade Bitcoin and Ethereum using HKD or USD, streamlining crypto investment within a trusted banking platform.
This launch comes amid surging global crypto adoption, with user numbers reaching 560 million in mid-2024. The crypto market cap has grown 90% to exceed $2.3 trillion, while Bitcoin recently hit record highs following the U.S. presidential election.
A Hong Kong Association of Banks survey found 70% of respondents believe bank-provided crypto services would boost adoption and convenience. ZA Bank has partnered with HashKey, Hong Kong’s largest licensed virtual asset exchange, to ensure regulatory compliance and bank-grade security.
The service features a low entry threshold of USD 70/HKD 600 and zero commission for the first three months. As Asia’s only bank offering funds, U.S. stocks, and crypto trading, ZA Bank aims to redefine wealth management while advancing Web3 adoption in compliance with regulations.
This development signals a significant shift in traditional banking’s approach to digital assets, potentially paving the way for broader institutional crypto adoption across Asia.