Hong Kong digital bank Mox Bank approved to upgrade to Type 1 license, allowing trading of bitcoin and ethereum

ChainCatcher news, according to the Hong Kong Economic Times, 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 clients through integrated accounts. However, at this stage, only USD trading of bitcoin and ethereum is supported. Trading fees are divided into four membership tiers, with the lowest tier, Basic, charging a 1.25% commission for virtual asset trading, while the highest tier, Elite, charges 0.5%.