, Hong Kong
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Photo courtesy of ZA Bank.

Hong Kong’s ZA Bank offers crypto trading services to retail users

Global crypto market capitalization has surged 90% to over US$2.3t.

Hong Kong digital bank ZA Bank now offers cryptocurrency trading services directly to retail users.

Using the ZA Bank app, users can trade cryptocurrencies in HKD and USD. The app supports trading services exclusively for Bitcoin and Ethereum.

The move comes as global crypto demand continues to increase. Users reached 560 million by mid-2024, an increase of 30% year-on-year (YoY), according to ZA Bank, citing data from Henley & Partners’ Crypto Wealth Report 2024.

Crypto market capitalisation has surged nearly 90%, surpassing US$2.3t.

A recent survey by the Hong Kong Association of Banks had nearly 70% of the respondents expressing their belief that if banks offer virtual asset trading services, it would make buying and selling virtual assets more convenient or could help popularise cryptocurrency trading.

In response to this growing market demand, ZA Bank said that it launched its cryptocurrency trading service.

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