The development of crypto in Hong Kong

The whole financial world focuses on green arrows in the crypto market. At the same time, Hong Kong extends the possibilities for its citizens to invest in Bitcoin and Ethereum.

Crypto in Hong Kong: Current situation

From Monday, November 25th, digital bank ZA enables retail clients to invest in the two biggest cryptocurrencies, as BTCUSD is close to $100,000, and Ethereum ( ETHUSD ) is also going up.

TRADE BITCOIN

Traders in Hong Kong have access to the crypto market 24/7. However, they must keep in mind that there is a minimum transaction limit – $70 or HK$600. To encourage investors eager in the crypto market, ZA digital bank has cut commissions till the end of June 2025.

This new step in developing the crypto in Hong Kong was possible thanks to the cooperation between ZA and HashKey, which is one of only three trading platforms approved by the Securities and Futures Commission (SFC).

Why is crypto in Hong Kong so important?

Like China, Hong Kong is known for its robust financial regulations. New financial markets, such as crypto , couldn’t be adopted as smoothly as in different parts of the world.

However, crypto in Hong Kong has been developing since 2022, when the government announced the creation of a virtual trading asset hub.

Until now, only three platforms have been approved for trading crypto, including HashKey. ZA Bank and its introduction to this company is a vital step. Virtual bank gives an even stronger foundation for the development of crypto in Hong Kong. ZA Bank requires a risk assessment to protect its clients’ data and funds.

Crypto march to glory

After the U.S. elections , the crypto market has kept growing and growing even more. Bitcoin has made a sensational run, almost reaching $100,000. It is even more impressive considering its horrible drop to $50,000 at the beginning of August. Experts point out that, together with Trump’s victory in the United States, the delayed impact of Bitcoin Halving influenced this sensational rise.

Even the most important people in American finances turn into crypto!

TRADE ETHEREUM

But does it mean that only Bitcoin has skyrocketed? Absolutely not! Investors turn into more popular and niche altcoins. After a poor period, Ethereum also turned into a successful investment in November. Traders could also observe an ATH on Solana, which may become the third most impactful cryptocurrency in the world. Less popular altcoins like Avalanche also recorded massive improvements in value.

This boom in the market shows why crypto in Hong Kong gets more and more attention.

Hong Kong assets on SimpleFX!

Users of the platform could notice assets related to Hong Kong, such as the USDHKD or HSI50 index . However, we’ve extended our offer by a mile with assets from all over the world.

From November, you can trade multiple equities from Hong Kong, including Tencent Holding ( 0700.HK ) or Semiconductor Manufacturing ( 0981.HK ). If you are eager to explore more assets from the Far East, there are also equities from Malaysia, Singapore, and Japan. SimpleFX provides financial instruments from all continents, excluding Antarctica.