ChainCatcher news, Standard Chartered Bank's virtual banking subsidiary Mox has announced the launch of cryptocurrency ETF services, becoming the first bank of its kind to offer direct trading of spot Bitcoin and Ethereum ETFs on its platform. The bank also plans to expand its cryptocurrency products, including future direct purchases and trading of crypto assets in collaboration with licensed exchanges.Mox charges a fee of 0.12% on trading volume for spot and derivative ETFs listed in Hong Kong, with a minimum of $3.85 (30 HKD); for derivative ETFs listed in the United States, it charges a fee of 0.01% on trading volume, with a minimum of $5.

ChainCatcher news, according to a report by the Hong Kong newspaper, Mox bank's investment product head, Liu Hanyang, stated that they plan to launch virtual asset investment services in the second half of this year, meaning that Mox bank customers can expect to invest in Bitcoin and Ethereum through the bank's mobile application in the future.Liu Hanyang mentioned that they intend to collaborate with a licensed virtual asset trading platform in Hong Kong to provide virtual asset investment to bank customers. They are currently selecting partners and will subsequently submit relevant applications to the Monetary Authority and the Securities and Futures Commission.In addition, the bank also hopes to offer customers investment services for U.S. Bitcoin spot ETFs.

ChainCatcher news, according to the Hong Kong Economic Times, several users of the virtual bank Mox Bank have recently reported on social media that their Mox Bank accounts have been locked multiple times in a short period. However, Mox Bank only responded that this action was "based on security considerations." Some users have complained to the Hong Kong Monetary Authority, which responded that it has requested the bank to make appropriate follow-ups. Some users analyzed that the incident may be related to a recent system update at Mox Bank, which has made the system sensitive to certain transactions and customers, especially in buying and selling cryptocurrencies.Previous report, on July 2, Mox Bank announced that it had received a Type 1 Securities Trading License issued by the Hong Kong Securities and Futures Commission. (Source link）

ChainCatcher news, virtual bank Mox Bank Limited recently announced that it has obtained a Type 1 (Securities Trading) license issued by the Hong Kong Securities and Futures Commission (SFC). The company has expanded from deposit and lending services to wealth management and investment services.Mox will conduct testing of its Mox Invest securities trading service through the Hong Kong Monetary Authority's Fintech Regulatory Sandbox and will gradually roll out the service later this year. This new service will feature a simple and user-friendly interface, allowing users to easily invest in Hong Kong and U.S. securities. (Source link)