Hong Kong’s virtual bank Mox, a subsidiary of Standard Chartered, has become the first virtual bank to launch Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) trading services. The bank plans to collaborate with a licensed exchange in the future to offer direct cryptocurrency buying and selling services. Mox offers an affordable option for cryptocurrency ETF transactions, with a trading fee of 0.12% of the transaction volume and a minimum fee of HKD 30. The CEO of Mox stated that the bank aims to create a global benchmark from Hong Kong by innovating and responding to market changes.
Source: coinmarketcap.com
