Ethereum

Bank

Bitcoin

This will be a first for Bitcoin and Ethereum in Hong Kong, which follows the USA in spot Bitcoin ETFs but precedes the USA in Ethereum ETFs.
Hong Kong-based virtual bank Mox Bank, a subsidiary of Standard Chartered, has launched spot Bitcoin and Ethereum ETF trading services for its customers.
Mox Bank said it is the first bank of its kind to offer Bitcoin and Ethereum ETF services to its customers.
<blockquote>
 “Mox Bank today allows Mox Invest customers to trade Bitcoin and Ethereum ETFs directly through Mox Invest.
 This ETF service offers a convenient way to gain exposure to the crypto market through a regulated and familiar investment platform without the complexities of managing a personal crypto wallet.
 This also makes Mox Ban the first virtual bank in Hong Kong to offer crypto-related investment products.”
</blockquote>
Mox Bank stated that it offers BTC and ETH ETF service to its customers with low fees and added: “0.12% transaction fee with a minimum of HK$ 30 (US$ 3.84) for ETFs listed in Hong Kong and 0.12% for ETFs listed in the USA.” “There will be a fee of 0.01% per share, with a minimum of US$5.”
Mox CEO Barbaros Uygun said, “As a digital bank from Hong Kong with a vision to create a global benchmark, Mox believes in staying ahead of the competition by being innovative and responsive to changing markets. Adding Crypto ETFs to the Mox Invest platform enables our clients to tap into emerging asset classes.” “It allows them to access new investment opportunities within the evolving crypto ecosystem in a regulated and reliable environment and in a safe and simple way through the Mox app.” said.
Mox Bank also stated that it plans to enable direct cryptocurrency purchases on its platform, which is popular among financial service providers.
Digital bank Mox, which started operating in September 2020, added that 28% of its customers have already invested in cryptocurrencies, and 18% of them are active cryptocurrency investors.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/good-news-for-bitcoin-btc-and-ethereum-eth-from-hong-kong-this-will-be-a-first/" rel="noopener noreferrer nofollow">Good News for Bitcoin (BTC) and Ethereum (ETH) from Hong Kong! "This Will Be a First!"</a>

Good News for Bitcoin (BTC) and Ethereum (ETH) from Hong Kong! "This Will Be a First!"

Bitcoin Sistemi EN

Other articles published on Aug 7, 2024

SEC Moves to Amend Complaint Against Binance, Binance.US, and Zhao: Solana (SOL) May Be Impacted

Do Kwon to be Extradited to South Korea: Montenegro Court Upholds Decision

Shiba Inu’s Shiba Eternity Closed Beta Launches Soon: Play and Earn Rewards

'Black Swan' Author Taleb Breaks Down Trigger Behind Bitcoin Сrash, SHIB Burns Skyrocket 708%, Bl...

Solana Price (SOL) Gains Traction: Poised for Further Increase?

Jump Trading sells another $29M Ether with $63M left to go — Is the bottom near?

Join our free newsletter for daily crypto updates!