Mox Bank’s Type 1 license upgrade positions it as Hong Kong’s second approved digital bank for USD Bitcoin and Ethereum trades, offering tiered fees from 1.25% to 0.5%.
Mox Bank has secured regulatory approval to upgrade its Type 1 license, enabling USD-denominated trading of Bitcoin and Ethereum for its customers. Trading fees start at 1.25% for Basic members and drop to 0.5% for Elite members. This makes Mox the second approved digital bank in Hong Kong to provide such services, following ZA Bank. The bank’s service expansion follows its partnership with HashKey Exchange for trading and HashKey Custody for asset security.