{"id":251982,"date":"2024-08-07T10:33:29","date_gmt":"2024-08-07T10:33:29","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/07\/standard-chartered-subsidiary-bank-launches-bitcoin-etfs-trading\/"},"modified":"2025-06-25T17:12:56","modified_gmt":"2025-06-25T17:12:56","slug":"standard-chartered-subsidiary-bank-launches-bitcoin-etfs-trading","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/07\/standard-chartered-subsidiary-bank-launches-bitcoin-etfs-trading\/","title":{"rendered":"Standard Chartered Subsidiary Bank Launches Bitcoin ETFs Trading"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MTc5Mjk3ODg3NTQ2MDU4NDM1\/scaling-bitcoin-gears-up-for-hong-kong.jpg\" \/><\/p>\n<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<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">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>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1821116866783318210?ref_src=twsrc%5Etfw\">August 7, 2024<\/a><\/p><\/blockquote>\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>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/business\/standard-chartered-subsidiary-bank-launches-bitcoin-etfs-trading\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] 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<\/p>\n","protected":false},"author":1,"featured_media":251983,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[172],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/251982"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=251982"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/251982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/251983"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=251982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=251982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=251982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}