Hong Kong’s ZA Bank conducted a survey during the past three weeks, showing that its clients strongly appreciate access to cryptocurrencies via the bank. Last November it was the first Asian bank to launch a digital asset service for retail clients. ZA Bank is controlled by China’s ZhongAn Insurance, which was founded by the Chairmen of Alibaba, Tencent and PingAn Insurance.
Given the survey participants were ZA Bank clients, the sample is not entirely unbiased. Nonetheless, the findings make sense and could reflect customer appetites in many other jurisdictions.
With the recent hack of ByBit crypto exchange funds, more than three quarters of clients mentioned they trust the bank as a caretaker of their crypto funds as well as for risk control and fraud prevention.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
