ZA Bank, Hong Kong's leading digital bank (formerly a virtual bank), has launched round-the-clock direct cryptocurrency trading for retail clients—a first among Asian banks. Starting today, users can trade Bitcoin (BTC) and Ethereum (ETH) anytime with a minimum investment of 600 HKD (70 USD).
Bitcoin's Meteoric Rise: Nearing $100,000 Milestone
Market optimism following the U.S. presidential election has propelled Bitcoin to an all-time high near $100,000, currently trading at $97,431—a 160% year-over-year surge.
Key Features of ZA Bank's Crypto Service
✅ 24/7 Trading: Execute trades anytime without market hour restrictions
✅ Zero Commission until June 2025 (0.8% platform fee applies)
✅ Risk Controls: Cryptocurrency holdings capped at 20% of total portfolio
✅ Regulatory Compliance: Only bank licensed for virtual asset trading under SFC
"This levels the playing field between digital and traditional banks," said acting CEO Chung Ho Ng, noting 12 months of blockchain technology research and risk assessments preceded the launch.
Fee Structure Breakdown
| Period | Commission | Platform Fee | Minimum Charge |
|---|---|---|---|
| Until Jun 2025 | 0% | 0.8% | 15 HKD / 1.99 USD |
| After Jun 2025 | 15 HKD* | 1.5% | 30 HKD / 3.98 USD total |
Example: A 100,000 HKD Bitcoin purchase would currently cost 800 HKD in fees—significantly higher than brokers like Futu (80 HKD) or Tiger (50 HKD).
👉 Discover how ZA Bank simplifies crypto investing
Partnership with HashKey Exchange
All transactions are processed through licensed exchange HashKey, which handles custody and settlement. Chief analyst Zhao Fei Ding revealed expansion talks with major banks and funds, emphasizing:
"Any financial institution can connect to our matching engine—this interoperability is the future."
Market Outlook and Risks
While bullish on Bitcoin's continued rally (20-day breakout momentum), Ding warned:
⚠️ 2025 Risk Alert: Potential U.S. inflation-triggered crises could impact crypto markets
FAQ
Q: Who can use this service?
A: Hong Kong residents with valid ID, proof of address, and completed risk assessment.
Q: What's the minimum investment?
A: 600 HKD or 70 USD per transaction.
Q: How many cryptocurrencies are supported?
A: Currently BTC and ETH, with more coins planned.
👉 Start trading with Asia's most innovative crypto bank
Q: Why the 20% portfolio limit?
A: To mitigate volatility risks and protect investor assets.
Q: How does this compare to crypto exchanges?
A: Offers bank-grade security with simpler onboarding than standalone exchanges.
Q: What happens after the zero-commission period ends?
A: Fixed 15 HKD commission + 1.5% platform fee will apply.