Catenaa, Monday, November 25, 2024- Hong Kong’s leading digital bank, ZA Bank announced today that it now allowed retail users to trade cryptocurrencies directly through its banking app.
The initiative makes ZA Bank the first bank in Asia to offer such a service, streamlining access to crypto trading by integrating fiat currency transactions within its platform.
Users can now trade leading cryptocurrencies using Hong Kong dollars (HKD) or US dollars (USD) without switching between apps.
The service is launched in partnership with HashKey Exchange, a licensed crypto trading platform in Hong Kong.
HashKey’s institutional-grade service, HashKey Pro, provides features like API trading, block trades, and advanced account management to facilitate seamless transactions.
ZA Bank’s collaboration with HashKey is seen as a significant step toward integrating traditional banking with Web3 technologies.
The development coincides with a bullish crypto market driven by Donald Trump’s recent re-election as US president.
Bitcoin has hit multiple all-time highs in recent weeks, trading near $98,000 after briefly surpassing $100,000, according to some reports.
HashKey is one of three crypto exchanges licensed in Hong Kong, alongside OSL and HKVAX.
