HSBC Customers in Hong Kong Can Now Buy Bitcoin (BTC) and Ethereum (ETH) Futures ETFs, According to Crypto Reporters Colin Wu.
“The move will increase Hong Kong’s local users’ exposure to cryptocurrencies.“
the currentCryptocurrency ETFs such as CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF and Samsung Bitcoin Futures Active ETF are listed in the region.
HSBC is involved in the development The Virtual Asset Investor Education Center To educate customers about the various risks associated with cryptocurrencies. Users wishing to purchase cryptocurrency ETFs via the Platform should read and “confirm” the material before investing.
Hong Kong has recently been increasingly positioning itself as a crypto-friendly jurisdiction. Several initiatives aimed at facilitating participation in digital assets have taken place, including establishing an exchange licensing system, funding Web3 development, and regulatory mandates for banks to treat cryptocurrency customers fairly. It is
In addition, city officials Said They are committed to introducing a stablecoin law by 2024. Financial Services and Treasury Secretary Christopher Hui Qingyu said a “holistic and predictable” approach would be taken.
crypto slate HSBC Hong Kong did not respond to a request for further comment by press time.
It first appeared on CryptoSlate after HSBC’s Hong Kong clients were able to trade Bitcoin, Ethereum futures ETFs.