Today, Zhong An Bank From Hong Kong Initiates Cryptocurrency Exchange Services, Enabling Transactions in Bitcoin and Ethereum with Hong Kong and US Currency.
As reported by ChainCatcher and citing Ming Pao, ZA Bank of Hong Kong, a digital banking platform, has declared the inception of crypto trading features within its application. This initiative marks the institution as the pioneering bank in Asia to extend such services to the general consumer base. The facility enables the purchase and sale of cryptocurrencies like Bitcoin and Ethereum through HKD and USD mediums.
The minimum amount required to access the crypto trading service is set at 600 HKD or 70 USD. Transaction costs are pegged at 15 HKD or 1.99 USD, alongside a platform charge of 1.5% of the trade value. ZA Bank is poised to run promotional measures until the end of June 2025, which includes negating transaction fees and lessening the platform rate to a mere 0.8%. Interim CEO Wu Zhonghao of ZA Bank asserts that the firm reached a monthly profit margin as of July this fiscal year and anticipates that this novel venture will catalyze the institution’s revenue surge.
ChainCatcher urges its readership to approach blockchain technology with a balanced outlook, to heighten their risk perception, and exercise caution concerning the numerous offerings and speculations of virtual tokens. The information offered on this platform constitutes market data or viewpoints from relevant entities and should not be interpreted as investment counsel. Should you encounter sensitive materials amidst the content, kindly utilize the “Report” feature, and we will attend to it with alacrity.
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