According to ChainCatcher, Hong Kong-based Mox has provided cryptocurrency ETFs directly on Mox Invest, reducing the complexity of managing personal crypto wallets.
Mox is a virtual bank majority-owned by Standard Chartered Bank (Hong Kong) Limited and a joint venture between Standard Chartered Bank Hong Kong, Hong Kong Telecom (HKT), PCCW and Ctrip Group.
According to a survey in Mox’s official announcement, nearly a third of people in Hong Kong are already involved in cryptocurrencies, while a third of cryptocurrency holders are likely to switch their primary bank to one that offers crypto-related products.
