Hong Kong’s ZA Bank offers consumers the ability to trade crypto against fiat currencies through its banking app

Today, ZA Bank, a Hong Kong-based financial institution, announced that its banking app will now allow users to trade cryptocurrency directly.

Direct cryptocurrency trading services are now available to retail users of Hong Kong’s ZA Bank, the digital bank announced today. In the press release, ZA announced that it is the first bank in Asia to provide retail crypto trading.

In the press release, the bank stated that users can now trade top cryptocurrencies in HKD and USD seamlessly through the ZA Bank app, all within a single platform, without the need to transition between apps or platforms.

ZA Bank collaborated with HashKey, a Hong Kong-based crypto exchange, to introduce the retail crypto trading service. The service leverages HashKey Pro, an institutional-grade service that assists financial institutions in integrating crypto trading capabilities. According to a press release from HashKey Exchange, HashKey Pro provides API trading, block trade services, and enterprise-level account structure and permission management.

“In the future, HashKey Exchange will continue to collaborate closely with ZA Bank to advance the Web3 ecosystem and provide our consumers with a wider range of financial services,” stated HashKey CEO Livio Weng.

At present, HashKey is one of three licensed cryptocurrency exchanges in Hong Kong, the other two being HKVAX and OSL.

In the wake of Donald Trump’s re-election as U.S. president, the crypto market has experienced a protracted rally. This launch coincides with this trend. In the past few weeks, bitcoin has rewritten its all-time high record on multiple occasions, most recently approaching the $100,000 mark before reversing course to trade at approximately $98,000.

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