ZA Bank Sets Sights on Crypto Trading Services

ZA Bank Sets Sights on Crypto Trading Services



The Chinese virtual bank ZA Bank has announced its intention to introduce cryptocurrency trading services for retail customers using fiat currencies. ZA Bank's CEO, Ronald Iu, in an interview with the Hong Kong Economic Journal, disclosed the bank's future plans to launch crypto trading through its mobile app, ZA Bank App, though no specific timeline was provided.



Iu highlighted ZA Bank's commitment to web3, noting its existing services to over 80 crypto firms, including OKX's Hong Kong branch. The bank, which also partners with local licensed virtual asset trading platforms HashKey and OSL, has seen significant growth since its founding in 2020. One in ten adults in Hong Kong now possesses a ZA Card, and as of June's end, the bank's customer deposits exceeded 10 billion yuan (about $1.4 billion), a 17% increase from the end of


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #HongKong, #News, #Regulations, #ZABank

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