On November 25, Zhongan Bank introduced cryptocurrency trading services, as reported by BlockBeats news. This service is available to all Hong Kong resident customers who possess a valid Hong Kong ID card and residential address. Additionally, customers must pass a risk assessment and maintain less than 20% of their total investment assets in cryptocurrency.
Ding Zhaofei, chief analyst at HashKey Exchange, which provides custody trading and clearing support for user assets for Zhongan Bank, mentioned that the exchange is in talks with other leading banks, securities firms, and funds for similar collaborations.
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