Hong Kong virtual bank Mox Bank launches crypto ETF trading
The Standard Chartered subsidiary says it’s the first bank of its kind to offer spot Bitcoin and Ether ETF trading to customers.
A virtual bank based in Hong Kong has launched crypto exchange-traded fund trading for its customers and is eyeing potential expansion into spot trading markets.
On Aug. 7, Mox, a virtual bank subsidiary of Standard Chartered, announced the launch of a crypto ETF service, becoming the first bank of its kind to offer direct trading of spot Bitcoin and Ether ETFs on its platform.
The bank also plans to expand its crypto offerings, including allowing direct purchases and trading of crypto assets in the future through a partnership with a licensed exchange.
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Author: Martin Young
