Hong Kong-based ZA Bank has become Asia’s first lender to offer crypto trading services to the retail market.
ZA Bank has launched cryptocurrency services directly to retail users, according to a statement. Through the digital bank’s app, users will be able to trade Bitcoin and Ethereum with US and Hong Kong dollars.
«The rise of cryptocurrency presents investors with more diverse asset allocation opportunities,» said ZA Bank alternate chief executive Calvin Ng. «As a bank, we prioritize security and compliance, which is why we’ve partnered with HashKey, a global-leading licensed virtual asset exchange, to meet regulatory standards and deliver bank-grade security in virtual assets trading - our key competitive advantage in the Asian market.»
ZA Bank is Hong Kong’s first licensed virtual bank and with the new service, it becomes Asia’s first lender to offer crypto trading to the retail market.
