Hong Kong digital bank Mox Bank has been approved to upgrade its License No. 1 to allow trading of Bitcoin and Ethereum

According to the Hong Kong Economic Journal, Hong Kong digital bank Mox Bank has announced that it has received regulatory approval to upgrade its Type 1 license to provide virtual asset trading services for customers through a comprehensive account. However, at this stage, it only supports trading Bitcoin and Ethereum in US dollars. The trading fee rates are divided into four membership levels, with the lowest level, Basic, having a virtual asset trading commission of 1.25%, while the highest level, Elite, has a commission of 0.5%.

It is reported that Mox Bank is the second digital bank approved for virtual asset trading, following ZA Bank, which launched cryptocurrency trading services last July, supporting BTC, ETH, SOL, LINK, and other currencies in Hong Kong dollars or US dollars.