Hong Kong virtual bank Mox Bank launches cryptocurrency ETF trading

ChainCatcher news, Standard Chartered Bank's virtual banking subsidiary Mox has announced the launch of cryptocurrency ETF services, becoming the first bank of its kind to offer direct trading of spot Bitcoin and Ethereum ETFs on its platform. The bank also plans to expand its cryptocurrency products, including future direct purchases and trading of crypto assets in collaboration with licensed exchanges.

Mox charges a fee of 0.12% on trading volume for spot and derivative ETFs listed in Hong Kong, with a minimum of $3.85 (30 HKD); for derivative ETFs listed in the United States, it charges a fee of 0.01% on trading volume, with a minimum of $5.