Mox Launches Cryptocurrency ETF Service Offering Bitcoin and Ether Trading
Standard Chartered's virtual banking subsidiary, Mox, has announced the launch of a cryptocurrency ETF service, 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 offerings, including allowing the direct purchase and trading of crypto assets through partnerships with licensed exchanges in the future.
Mox charges a fee of 0.12 percent of trading volume, with a minimum of $3.85 (HK$30), for spot and derivative ETFs listed in Hong Kong, and 0.01 percent of trading volume, with a minimum of $5, for U.S.-listed derivative ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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