HSBC Enables Hong Kong Customers to Trade Bitcoin, Ethereum ETFsby Fintech News Hong Kong June 27, 2023
The Hongkong and Shanghai Banking Corporation (HSBC) has enabled its customers to buy and sell Bitcoin and Ethereum ETFs listed on the Hong Kong exchange, according to Chinese journalist Colin Wu in a series of tweets.
SCOOP: HSBC, the largest bank in Hong Kong, today allows its customers to buy and sell Bitcoin and Ethereum ETFs listed on the Hong Kong exchange, and is also the first bank in Hong Kong to allow it. The move will expand local users’ exposure to cryptocurrencies in Hong Kong. pic.twitter.com/vH0LieSVGw
— Wu Blockchain (@WuBlockchain) June 26, 2023
Available through the HSBC HK Easy Invest app, HSB CHK mobile banking app and online banking, HSBC is said to be the first bank in Hong Kong to provide this service.
Currently, cryptocurrency ETFs listed on the Hong Kong exchange include CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF.
Concurrent with the rollout of this service, HSBC has also launched the Virtual Asset Investor Education Center. Investors will be required to go through the educational content and risk disclosures in the center before they can proceed to make their investments.
Just last month, the Hong Kong Securities and Futures Commission (SFC) announced that it will soon allow licensed trading platform operators to serve retail investors.
Following this, one of Hong Kong’s eight digital banks ZA, announced its intention to introduce virtual asset trading services to its customers.
Source: Wu Blockchain