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Standard Chartered's Mox Bank Launches Bitcoin ETFs as First Virtual Bank in Hong Kong

Aug 7, 2024, 09:31 AM

Standard Chartered's subsidiary, Mox Bank, has launched Bitcoin exchange-traded funds (ETFs) on its trading platform, marking a significant development in Hong Kong's financial landscape. Mox Bank is the first virtual bank in Hong Kong to offer spot crypto ETFs for retail investors, including Bitcoin and Ethereum. The launch introduces a competitive trading fee of 0.12% with no additional costs, aiming to attract a growing number of crypto enthusiasts in the region.