A new survey reveals a significant shift in how Hong Kong investors approach cryptocurrency. Nearly 70% of crypto traders now favor digital banks for trading, citing the convenience of direct bank deposits and a single-account platform as key reasons. ZA Bank, a prominent player in this space, highlights this change by pointing to how digital banks are becoming a new entry point into the crypto market.
ZA Bank’s CEO, Calvin Ng, expresses excitement about expanding their one-stop digital investment platform, which now includes crypto, funds, and stocks. The survey findings indicate growing investor confidence in virtual assets as part of diversified portfolios, suggesting a future where crypto plays an increasing role.
The survey also found that nearly 70% of respondents believe increased regulatory clarity will attract more participants to the crypto market. Over 81% desire support for crypto-in-crypto-out transactions to enhance asset flexibility. This demand underscores the investor’s need for seamless integration and a user-friendly experience.
Hong Kong investors remain receptive to regulated exchanges, with many citing regulatory certainty as a key factor in their confidence.