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<ul><li>Mox Bank is the first to offer direct spot Bitcoin and Ether ETF trading in Hong Kong, marking a notable crypto market entry.</li><li>Mox plans to expand by allowing direct crypto asset purchases and trading in the future through a partnership with a licensed exchange.</li><li>The platform reports that 28% of its customers invest in cryptocurrencies, with 18% actively trading, reflecting strong crypto engagement.</li></ul>Mox Bank, a virtual bank in Hong Kong and a subsidiary of Standard Chartered, has <a href="https://mox.com/media/mox-breaks-new-ground-as-first-virtual-bank-in-hong-kong-to-open-crypto-investing-for-customers/" rel="noopener noreferrer nofollow">launched</a> crypto exchange-traded fund (ETF) trading. This move marks the bank as the first of its kind to offer direct trading of spot <a href="https://cryptotale.org/bitcoin-rsi-at-lows-potential-reversal-or-consolidation/" rel="noopener noreferrer nofollow">Bitcoin</a> and Ether ETFs in the city. The announcement came on August 7, reflecting Mox’s commitment to expanding its crypto offerings.Besides crypto ETFs, Mox plans to expand its services further. It aims to allow direct purchases and trading of various crypto assets in the future. This will be achieved through a partnership with a licensed exchange. The bank has introduced a cost-effective trading structure. For Hong Kong-listed spot and derivatives <a href="https://cryptotale.org/ethereum-etfs-witnesses-negative-inflows-three-days-straight/" rel="noopener noreferrer nofollow">ETFs</a>, Mox charges 0.12% of the transaction volume with a minimum fee of $3.85 (30 Hong Kong dollars). For US-listed derivatives ETFs, the fee is 0.01% per share with a minimum of $5.Spot crypto ETFs <a href="https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2024/04/30/asias-first-spot-bitcoin-and-ether-etfs-debut-in-hong-kong.html?amp_gsa&#61;1&amp;amp_js_v&#61;a9&amp;usqp&#61;mq331AQIUAKwASCAAgM%3D#amp_tf&#61;From%20%251%24s&amp;aoh&#61;17230326955576&amp;referrer&#61;https%3A%2F%2Fwww.google.com&amp;ampshare&#61;https%3A%2F%2Fwww.cnbc.com%2F2024%2F04%2F30%2Fasias-first-spot-bitcoin-and-ether-etfs-debut-in-hong-kong.html" rel="noopener noreferrer nofollow">received</a> approval and began trading in Hong Kong on April 30. This approval aligns with Hong Kong’s goal to become a leading crypto hub in Asia. Furthermore, Mox Bank’s initiative highlights its innovative approach in the evolving crypto market.<a href="https://cryptotale.org/mox-bank-offers-bitcoin-ether-etf-trading-in-hong-kong/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Mox Bank Offers Bitcoin & Ether ETF Trading in Hong Kong

CryptoTale

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