Hong Kong Virtual Banks Target Web3 Growth Amid Regulatory Challenges
Hong Kong’s virtual banks are exploring opportunities in the Web3 space despite capturing 0.3% of retail bank assets. Hong Kong’s virtual banks are reportedly facing a pivotal moment, capturing only a small share of the financial market with just 0.3% of the assets held by all retail banks. As reported by the South China Morning Post […]
Mox Bank Launches Crypto Exchange-traded Fund Trading
Mox Bank, a Hong Kong-based virtual bank, has launched crypto exchange-traded fund (ETF) trading for its clients and is considering spot trading options. Mox, a virtual bank subsidiary of Standard Chartered, announced the launch of a crypto ETF service on August 7. This made it the first bank to offer direct trading of spot Bitcoin […]
Hong Kong Broker Offers New Customers Deposit Bonuses in BTC
Futu Securities International, the largest online brokerage in Hong Kong, offers new customers deposit bonuses in Bitcoin as part of a promotional offer to encourage them to establish accounts. New customers who satisfy specific criteria are eligible for various incentives, including substantial Bitcoin awards, from August 1 to August 31, 2024, as indicated on the […]
Asia’s First Inverse Bitcoin ETF to Launch in Hong Kong
Hong Kong will introduce Asia’s first Bitcoin futures inverse product, the CSOP Bitcoin Future Daily (-1x) Inverse Product (7376.HK), on July 23. The objective of the new exchange-traded fund (ETF) by CSOP Asset Management, one of the largest asset administrators in China, is to provide investors with a means of profiting from drops in the […]
HKX to Exit Hong Kong Crypto Market
HK cryptocurrency exchange has withdrawn its license applications in Hong Kong and advised users to withdraw their assets following the decision. On July 18, the HKX management team announced its intention to terminate the Hong Kong-based crypto exchange, advising current users to evacuate their crypto assets. On the official website, there was a notice that […]