Bitcoin

In a <a href="https://bank.za.group/en/content/2e77475c-f0c0-4d6f-bddc-9aa1121afb95" rel="noopener noreferrer nofollow">press release,</a> Hong Kong’s largest virtual bank, ZA Bank, announced its strategic collaboration with HashKey Exchange to launch retail crypto services. With the latest development, retail clients of ZA Bank can buy and sell Bitcoin and Ethereum directly using fiat money. Calvin Ng, ZA Bank’s alternate chief executive, asserted that the partnership envisions bridging the gap between traditional finance and crypto, adhering to regulatory norms.According to the bank’s official statement, users must own a bank account with ZA Bank. In addition, they should complete a risk assessment procedure before engaging with the bank’s application that facilitates the new service. Reportedly, ZA Bank has now become Asia’s first bank to provide crypto trading services to retail customers.Ng addressed the rising interest in cryptocurrencies that drive investors to look for diverse asset allocation opportunities. Reportedly, global crypto users have reached 560 million in mid-2024, marking a 30% year-on-year increase. In a recent survey in <a href="https://cryptotale.org/ripple-boosts-bank-networks-adds-china-and-hong-kong/" rel="noopener noreferrer nofollow">Hong Kong</a>, 70% of the respondents stated that crypto trading services in banks could help boost the crypto market’s growth. Addressing investors’ interests, ZA Bank launched its new service to diversify their investment options. The bank stated,<a href="https://cryptotale.org/za-bank-partners-hashkey-launches-retail-crypto-trading/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

ZA Bank Partners HashKey, Launches Retail Crypto Trading

CryptoTale

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