- Mox Bank simplifies crypto investments with Crypto ETFs, offering a regulated and safe platform for Hong Kong investors
- Low trading fees and easy access through the Mox app make investing in emerging asset classes more attractive.
The Standard Chartered subsidiary Mox Bank Limited (“Mox”) has announced the launch of bitcoin exchange-traded funds (ETFs) on its Mox Invest platform. Customers may now more easily and safely diversify their portfolios with Mox, the first virtual bank in Hong Kong to allow direct trading of spot Bitcoin and Ether ETFs in addition to derivative Crypto ETFs, owing to this ground-breaking step.
Innovative and Customer-Centric Approach
According to a recent survey, about one-third of Hong Kong residents use cryptocurrencies, and many of them favor banks that sell cryptocurrency-related products. In response to this demand, Mox offers a variety of exchange-traded funds (ETFs) featuring assets like Bitcoin and Ethereum, including spot and derivative ETFs that are listed in the US and Hong Kong.
Mox’s CEO, Barbaros Uygun, said the company seeks to stay ahead by being innovative and responsive to market changes. Adding Crypto ETFs allows our consumers to comfortably pursue new investing options in a regulated environment.
Customers of Mox Invest benefit from minimal trading fees that are USD0.01 per share for US-listed ETFs (minimum USD5) and 0.12% of the transaction amount for HK-listed ETFs (minimum HKD30). Mox doesn’t charge any extra custodian or maintenance costs.
Mox Bank serves as an affordable, cutting-edge option for investors seeking to gain exposure to the booming world of cryptocurrencies as part of Hong Kong’s desire to become a hub for cryptocurrencies.
