According to the Hong Kong Economic Journal, Hong Kong's digital bank Mox Bank has announced that it has received regulatory approval to upgrade its Tier 1 license, allowing it to offer virtual asset trading services to customers through comprehensive accounts. However, at this stage, it only supports Bitcoin and Ethereum transactions in U.S. dollars. Transaction fees are divided into four membership tiers. The lowest tier, Basic, charges a 1.25% commission on virtual asset trades, while the highest tier, Elite, charges 0.5%. It is reported that Mox Bank is the second digital bank to be approved for virtual asset trading. Previously, ZA Bank (Zhong'an Bank) launched cryptocurrency trading services in July last year, supporting transactions in Hong Kong dollars or U.S. dollars for BTC, ETH, SOL, and LINK.
Hong Kong Digital Bank Mox Bank Approved to Trade Bitcoin and Ethereum
TechFlowShare
Summary
Hong Kong's digital bank Mox Bank has obtained regulatory approval to expand its services under updated digital asset regulations, enabling it to trade Bitcoin and Ethereum. The bank now offers virtual asset trading in U.S. dollars, with fees determined by membership tiers. Basic members are charged 1.25%, while Elite members pay 0.5%. Mox follows ZA Bank, which introduced similar services in July 2025. This development comes amid increasing institutional interest, including the recent approval of Bitcoin ETFs in major markets.
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