According to Odaily, virtual bank Mox Bank has commenced offering spot cryptocurrency ETF trading services. In a press release dated August 7, Mox Bank announced that it has become the first virtual bank in Hong Kong to provide such investment options to retail investors. The bank will offer a variety of cryptocurrency ETFs permitted under Hong Kong regulations, including spot and derivative futures ETFs listed on exchanges in Hong Kong and the United States, such as BTC and ETH.
To attract customers, Mox Bank will charge a transaction fee of 0.12% of the trading value for ETFs listed in Hong Kong and the United States. Mox Bank also stated that, apart from the fees charged by the asset management companies managing specific ETFs, it will not impose any additional custody or management fees.