Mox Bank Approved to Upgrade Type 1 License, Becomes Second Digital Bank in Hong Kong Supporting Virtual Asset Trading Like BTC and ETH

Odaily News: Hong Kong digital bank Mox Bank announced that it has received regulatory approval to upgrade its Type 1 license, allowing it to provide virtual asset trading services to customers through integrated accounts. However, at this stage, it only supports trading Bitcoin and Ethereum with US dollars. The trading fee structure is divided into four membership tiers. The lowest-tier Basic members are charged a 1.25% commission for virtual asset trades, while the highest-tier Elite members are charged 0.5%. It is reported that Mox Bank is the second digital bank approved for virtual asset trading. Previously, ZA Bank launched cryptocurrency trading services in July last year, supporting trading of BTC, ETH, SOL, LINK, etc., with Hong Kong dollars or US dollars. (Hong Kong Economic Times)