Leading financial institution in Hong Kong, Mox Invest has launched crypto exchange-traded funds (ETF) for investors. The firm made history as the first mobile bank in the region to offer cryptocurrency investing products.
The financial institution made the disclosure on Wednesday via an official blog post. In the announcement, Mox Invest stated that the initiative is driven by the vision to provide investment options and allow investors to expand their portfolios.Â
Mox Invest CEO Provides Insight Into The New Offering
The CEO of Mox Invest, Barbaros Uygun described the firm as a digital bank with a vision to build a global standard from Hong Kong. The firm, according to the CEO, is focused on being innovative and responsive to be a force to reckon with in the crypto landscape.
Uygun illustrated how Mox Invest allows users to gain access to cryptocurrencies with full confidence. In addition, the CEO said the new offering is a new investment opportunity that empowers users to explore the evolving crypto ecosystem.
As revealed, Mox Invest established that the newly launched initiative is an avenue for investors to gain exposure to the crypto market. The firm added that gaining access to the crypto market through a regulated and familiar platform will save investors the stress of managing a personal cryptocurrency wallet.
More so, the launching of the crypto ETF by Mox Invest will not only simplify investors’ access to virtual assets, instead, it will further boost their confidence in the emerging market. This is due to how the financial institution has earned the trust of investors and regulators alike.
Growing Demand For Crypto-Related Investment Opportunities In Hong Kong
Also, Mox Invest added that the launching of the crypto ETF emanated as a result of investors’ growing appetite for virtual assets in the region. The financial institution explained how it conducted a survey before launching the product.
According to the survey, more than one-third of people staying in Hong Kong have interacted with the crypto market. Similarly, the firm disclosed that the survey also indicated that investors will be willing to ditch their traditional bank for a crypto investment offering financial institution.
However, the launching of the crypto-related investment option further attests to the firm’s reputation as an innovative digital bank. Consequently, Mox Invest will be offering all crypto ETFs allowed by local regulations to retail investors.
Additionally, Mox Invest will be offering HK-listed spot and derivative crypto ETFs and US-listed derivative crypto ETFs. On the platform, the investable underlying cryptocurrencies for spot crypto ETFs are Bitcoin and Ethereum.
On the flip side, the investable underlying assets for derivative crypto ETFs are Bitcoin and Ethereum futures.
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