ChainCatcher news, according to Financefeeds, eToro has announced that users in the UK and Europe can now transfer cryptocurrency assets held in other exchanges, brokers, or other blockchain wallets to the eToro crypto wallet, and convert the cryptocurrency assets they hold into cash for trading and investing across multiple asset classes on eToro's investment platform.Eligible eToro users holding BTC or ETH in external wallets or exchanges can transfer these cryptocurrency assets to their eToro crypto wallet and exchange them for local currency in their GBP or EUR accounts.

ChainCatcher news, according to Bloomberg, Ronald Iu, CEO of ZA Bank in Hong Kong, stated in an interview on Tuesday that ZA Bank will provide a service for converting crypto tokens to fiat currency through licensed exchanges. Ronald Iu mentioned that ZA Bank will act as the settlement bank for customers, allowing them to withdraw in Hong Kong, Chinese, and US currencies after depositing crypto tokens at the exchange.Ronald Iu also stated that this business model has been operating with HashKey and OSL, which are currently the only two licensed cryptocurrency exchanges in Hong Kong. ZA Bank will also offer the same services to other licensed exchanges. (source link)