{"id":27050,"date":"2024-08-07T10:01:24","date_gmt":"2024-08-07T10:01:24","guid":{"rendered":"https:\/\/bitcoins-101.com\/2024\/08\/07\/standard-chartered-subsidiary-bank-launches-bitcoin-etfs-trading\/"},"modified":"2024-08-07T10:01:24","modified_gmt":"2024-08-07T10:01:24","slug":"standard-chartered-subsidiary-bank-launches-bitcoin-etfs-trading","status":"publish","type":"post","link":"https:\/\/bitcoins-101.com\/2024\/08\/07\/standard-chartered-subsidiary-bank-launches-bitcoin-etfs-trading\/","title":{"rendered":"Standard Chartered Subsidiary Bank Launches Bitcoin ETFs Trading"},"content":{"rendered":"<p>Mox, a virtual bank subsidiary of <a href=\"https:\/\/bitcoinmagazine.com\/tags\/standard-chartered\">Standard Chartered<\/a>, has introduced Bitcoin and crypto exchange-traded fund (ETF) trading on its investment platform. This makes Mox the first virtual bank in Hong Kong to offer Bitcoin and crypto-related investment products.<\/p>\n<p>JUST IN: \ud83c\udded\ud83c\uddf0 Standard Chartered\u2019s subsidiary bank Mox starts offering <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETFs on its platform. <a href=\"https:\/\/t.co\/OCzGh75FKc\">pic.twitter.com\/OCzGh75FKc<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1821116866783318210?ref_src=twsrc%5Etfw\">August 7, 2024<\/a><\/p>\n<p>Mox launched ETFs tracking Bitcoin on August 7th, including spot Bitcoin and crypto ETFs in Hong Kong and derivative <a href=\"https:\/\/bitcoinmagazine.com\/tags\/bitcoin-etf\">Bitcoin ETFs<\/a> in the US. The bank cited a recent survey showing about one-third of Hong Kong residents engage with Bitcoin and crypto, and a similar portion would switch banks for such services.<\/p>\n<p>By leveraging its lean virtual bank infrastructure, Mox can offer lower fees on Bitcoin ETFs than traditional brokerages. The bank charges 0.12% of transaction volume on <a href=\"https:\/\/bitcoinmagazine.com\/tags\/hong-kong\">Hong Kong<\/a> ETFs and 0.01% per share for US ETFs.<\/p>\n<p>CEO Barbaros Uygun said adding Bitcoin and crypto ETFs &#8220;empowers our customers to gain access to emerging asset classes.&#8221;<\/p>\n<p>As a Standard Chartered subsidiary, Mox benefits from the resources and credibility of a major global bank. Its Bitcoin and crypto ETF launch may pressure competitors to expand such offerings as well.<\/p>\n<p>The move comes after successful Bitcoin ETF debuts in the US and Hong Kong amid rising retail demand. The move helps Hong Kong investors access Bitcoin ETFs and highlights Bitcoin&#8217;s mainstream adoption.<\/p>","protected":false},"excerpt":{"rendered":"<p>Mox, a virtual bank subsidiary of Standard Chartered, has introduced Bitcoin and crypto exchange-traded fund (ETF) trading on its investment platform. This makes Mox the first virtual bank in Hong Kong to offer Bitcoin and crypto-related investment products. JUST IN: \ud83c\udded\ud83c\uddf0 Standard Chartered\u2019s subsidiary bank Mox starts offering #Bitcoin ETFs on its platform. pic.twitter.com\/OCzGh75FKc \u2014 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27050","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/27050"}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=27050"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/27050\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=27050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=27050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=27050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}