Hong Kong's Largest Bank, Launches Crypto Services and ETFs

The Biggest Bank in Hong Kong Introduces ETFs and Crypto Services

Hong Kong's largest bank, HSBC, has reportedly introduced cryptocurrency services, allowing customers to trade Bitcoin and Ether-based exchange-traded funds (ETFs). The bank will offer crypto ETFs listed on the Stock Exchange of Hong Kong, including CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF. This move aims to expand local users' exposure to cryptocurrencies, with HSBC having 1.7 million active mobile customers and 95% of retail transactions processed online. HSBC has also launched the Virtual Asset Investor Education Center to protect investors and provide educational materials and risk disclosures.