The recent emergence of Hong Kong as a major crypto hub - quite an about face for Beijing from its previous ban - accelerated again over the weekend as three crypto ETFs listed on the Stock Exchange of Hong Kong are now reportedly available for trading at Hong Kong’s largest bank.
CoinTelegraph's Helen Partz reports that Hong Kong and Shanghai Banking Corporation (HSBC) - the biggest bank in Hong Kong - has reportedly introduced its first local cryptocurrency services.
HSBC has enabled its customers to buy and sell Bitcoin- and Ether-based exchange-traded funds (ETFs), local journalist Colin Wu reported in a tweet on June 26.
According to the report, HSBC will specifically offer cryptocurrency ETFs listed on the Stock Exchange of Hong Kong. At the time of writing, the exchange lists three crypto ETFs, including CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF and Samsung Bitcoin Futures Active ETF.